Western Forest Products (OTCMKTS:WFSTF) Shares Down 0.5% – Time to Sell?

Shares of Western Forest Products Inc. (OTCMKTS:WFSTF) fell 0.5% during mid-day trading on Wednesday . The stock traded as low as $11.8340 and last traded at $11.8630. 5,119 shares were traded during trading, a decline of 32% from the average session volume of 7,474 shares. The stock had previously closed at $11.92.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on WFSTF. TD Securities restated a “hold” rating on shares of Western Forest Products in a research report on Thursday, February 12th. Raymond James Financial restated a “market perform” rating on shares of Western Forest Products in a research report on Thursday, April 23rd. Three investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold”.

Western Forest Products Trading Up 9.5%

The company’s 50-day simple moving average is $10.83 and its 200-day simple moving average is $9.97.

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.