Shares of Western Forest Products Inc. (TSE:WEF – Get Free Report) reached a new 52-week low during trading on Monday . The company traded as low as C$0.39 and last traded at C$0.39, with a volume of 281450 shares. The stock had previously closed at C$0.40.
Wall Street Analysts Forecast Growth
Separately, TD Securities decreased their price target on shares of Western Forest Products from C$0.55 to C$0.50 and set a “hold” rating on the stock in a report on Friday, November 8th.
Read Our Latest Stock Analysis on WEF
Western Forest Products Stock Down 1.3 %
Western Forest Products (TSE:WEF – Get Free Report) last posted its earnings results on Wednesday, November 6th. The company reported C($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.03) by C($0.03). The business had revenue of C$241.70 million for the quarter, compared to the consensus estimate of C$242.00 million. Western Forest Products had a negative return on equity of 7.64% and a negative net margin of 4.13%. As a group, analysts forecast that Western Forest Products Inc. will post 0.004992 EPS for the current year.
Western Forest Products Company Profile
Western Forest Products Inc operates as an integrated softwoods forest products company in Canada, the United States, Japan, China, Europe, and internationally. It is involved in timber harvesting, sawmilling logs into specialty lumber, value-added lumber and glulam remanufacturing, and wholesaling purchased lumber.
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