Western Forest Products (TSE:WEF) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

Western Forest Products Inc. (TSE:WEF)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$12.05 and traded as low as C$10.90. Western Forest Products shares last traded at C$11.09, with a volume of 18,890 shares traded.

Western Forest Products Price Performance

The stock has a market capitalization of C$117.09 million, a P/E ratio of -1.80, a P/E/G ratio of 0.32 and a beta of 0.80. The company has a quick ratio of 0.73, a current ratio of 3.04 and a debt-to-equity ratio of 19.61. The firm has a fifty day moving average price of C$11.47 and a two-hundred day moving average price of C$12.05.

Western Forest Products (TSE:WEF) last issued its earnings results on Wednesday, November 5th. The company reported C($5.71) earnings per share for the quarter. The business had revenue of C$233.00 million during the quarter. Western Forest Products had a negative return on equity of 7.69% and a negative net margin of 4.21%. On average, analysts expect that Western Forest Products Inc. will post 0.004992 EPS for the current year.

Insider Buying and Selling at Western Forest Products

In other news, Director Elizabeth Kernaghan bought 2,600 shares of the company’s stock in a transaction that occurred on Thursday, November 6th. The stock was bought at an average price of C$11.55 per share, with a total value of C$30,030.00. Following the acquisition, the director owned 1,791,200 shares of the company’s stock, valued at approximately C$20,688,360. This represents a 0.15% increase in their position. Also, insider Kernwood Limited purchased 2,600 shares of the company’s stock in a transaction on Thursday, November 6th. The stock was acquired at an average price of C$11.55 per share, with a total value of C$30,030.00. Following the completion of the purchase, the insider directly owned 1,791,200 shares in the company, valued at C$20,688,360. This trade represents a 0.15% increase in their ownership of the stock. Insiders purchased 84,400 shares of company stock valued at $985,196 in the last ninety days. 0.67% of the stock is currently owned by corporate insiders.

Western Forest Products Company Profile

Western Forest Products Inc is a Canada-based softwood forest products company. The company’s principal business activities include timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value-added lumber remanufacturing. Its operating business segment comprised of Timber harvesting, Log sales, and Lumber manufacturing and sales.