Western Forest Products (OTCMKTS:WFSTF) Stock Price Down 0.5% – Here’s Why

Western Forest Products Inc. (OTCMKTS:WFSTF)’s stock price traded down 0.5% during trading on Friday . The stock traded as low as $8.81 and last traded at $8.81. 350 shares changed hands during mid-day trading, a decline of 68% from the average session volume of 1,080 shares. The stock had previously closed at $8.85.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Raymond James Financial reaffirmed a “market perform” rating on shares of Western Forest Products in a report on Friday, August 8th. Scotiabank reiterated a “sector perform” rating on shares of Western Forest Products in a research report on Monday, August 11th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Western Forest Products Price Performance

The business’s 50-day simple moving average is $8.99 and its two-hundred day simple moving average is $8.82.

About Western Forest Products

Western Forest Products Inc operates as an integrated softwoods forest products company in Canada, the United States, Japan, China, Europe, and internationally. It is involved in timber harvesting, sawmilling logs into specialty lumber, value-added lumber and glulam remanufacturing, and wholesaling purchased lumber.