Resolute Forest Products (TSE:RFP) Shares Pass Above Fifty Day Moving Average of $27.90

Resolute Forest Products Inc. (TSE:RFPGet Rating) (NYSE:RFP)’s stock price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$27.90 and traded as high as C$28.19. Resolute Forest Products shares last traded at C$28.13, with a volume of 6,128 shares traded.

Resolute Forest Products Price Performance

The company has a market cap of C$2.16 billion and a price-to-earnings ratio of 3.85. The company has a current ratio of 2.91, a quick ratio of 1.60 and a debt-to-equity ratio of 16.85. The company’s 50 day moving average price is C$27.90 and its 200 day moving average price is C$24.17.

About Resolute Forest Products

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Resolute Forest Products Inc, together with its subsidiaries, operates in the forest products industry in the United States, Canada, Mexico, and internationally. The company operates through four segments: Market Pulp, Tissue, Wood Products, and Paper. The Market Pulp segment offers virgin and recycled bleached Kraft pulp, which is used to make a range of consumer products, including tissue, packaging, specialty paper products, diapers, and other absorbent products.

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