Western Forest Products (OTCMKTS:WFSTF) Stock Price Down 2% – What’s Next?

Western Forest Products Inc. (OTCMKTS:WFSTF)’s share price traded down 2% on Friday. The stock traded as low as $9.89 and last traded at $9.89. Approximately 1,387 shares traded hands during trading, a decline of 77% from the average session volume of 5,982 shares. The stock had previously closed at $10.09.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada restated a “sector perform” rating on shares of Western Forest Products in a research report on Friday, August 14th. Four investment analysts have rated the stock with a Hold rating. Based on data from MarketBeat.com, Western Forest Products presently has an average rating of “Hold”.

Western Forest Products Stock Down 2.0%

The business has a 50 day simple moving average of $12.58 and a 200-day simple moving average of $11.97.

About Western Forest Products

Western Forest Products Inc is a Canadian forest products company focused on the harvesting, processing and sale of timber from the coastal forests of British Columbia. Its operations include timberlands, sawmills and manufacturing facilities that produce a range of softwood lumber and specialty wood products.

The company’s product portfolio includes appearance-grade and structural lumber, timbers, decking, siding and other value-added wood products. Western Forest Products serves residential construction, industrial, infrastructure and specialty markets, selling its products in Canada, the United States and international markets, including Asia.

Western Forest Products has a long operating history in British Columbia’s coastal forest industry and is headquartered in Vancouver, British Columbia.