Western Forest Products (OTCMKTS:WFSTF) Trading Down 0.9% – Here’s What Happened

Shares of Western Forest Products Inc. (OTCMKTS:WFSTF) were down 0.9% on Thursday . The stock traded as low as $10.33 and last traded at $10.4060. Approximately 5,199 shares changed hands during trading, a decline of 27% from the average daily volume of 7,121 shares. The stock had previously closed at $10.50.

Analyst Upgrades and Downgrades

WFSTF has been the topic of a number of analyst reports. TD Securities reaffirmed a “hold” rating on shares of Western Forest Products in a research note on Thursday, February 12th. Scotiabank reiterated a “sector perform” rating on shares of Western Forest Products in a report on Monday, January 26th. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Western Forest Products Trading Down 0.9%

The business has a fifty day moving average of $10.35 and a 200-day moving average of $9.29.

About Western Forest Products

Western Forest Products is a Canadian integrated forest products company headquartered in Vancouver, British Columbia. The company specializes in the harvesting, manufacturing and distribution of lumber and other wood products, operating a network of sawmills, remanufacturing facilities and log sort yards on both the British Columbia coast and Vancouver Island. Western Forest manages a diversified fibre portfolio that supports core lumber production as well as specialty lines.

The company’s product suite includes dimensional lumber, engineered wood products such as laminated veneer lumber (LVL), and value-added remanufactured items including mouldings and custom profiles.