Resolute Forest Products (TSE:RFP) Stock Price Passes Above 50-Day Moving Average of $29.12

Resolute Forest Products Inc. (TSE:RFPGet Rating) (NYSE:RFP)’s stock price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$29.12 and traded as high as C$31.11. Resolute Forest Products shares last traded at C$29.43, with a volume of 356,513 shares traded.

Resolute Forest Products Trading Down 5.8 %

The stock has a market cap of C$2.26 billion, a PE ratio of 3.76 and a beta of 2.65. The business has a 50-day moving average of C$29.12 and a 200 day moving average of C$28.32. The company has a debt-to-equity ratio of 16.85, a quick ratio of 1.60 and a current ratio of 2.91.

Resolute Forest Products Company Profile

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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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