Western Forest Products (OTCMKTS:WFSTF) Stock Price Breaks Above 200-Day Moving Average – Should You Sell?

Western Forest Products Inc. (OTCMKTS:WFSTF)’s stock price passed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $11.50 and traded as high as $11.51. Western Forest Products shares last traded at $11.51, with a volume of 200 shares trading hands.

Analyst Ratings Changes

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

Western Forest Products Price Performance

The stock has a fifty day moving average price of $12.08 and a two-hundred day moving average price of $11.53.

Western Forest Products Company Profile

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.