Western Forest Products (OTCMKTS:WFSTF) Stock Falls 2.3% – Here’s What Happened

Western Forest Products Inc. (OTCMKTS:WFSTF – Get Free Report) shares were down 2.3% during trading on Friday. The stock traded as low as $12.83 and last traded at $12.91. 522 shares were traded during trading, a decline of 92% from the average daily volume of 6,250 shares. The stock had previously closed at $13.2140.

Analysts Set New Price Targets

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

Get Our Latest Research Report on WFSTF

Western Forest Products Stock Down 2.3%

The company’s 50 day moving average price is $13.02 and its 200 day moving average price is $11.81.

Western Forest Products Company Profile

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Western Forest Products Inc is a Canadian forest products company focused on the sustainable management and processing of timber from British Columbia’s coastal forests. Its operations have included timber harvesting, sawmilling, wood processing, and the manufacture and sale of lumber and related forest products.

The company’s product portfolio has included appearance-grade and structural lumber made from species such as Douglas fir, western red cedar, western hemlock, and yellow cedar.

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