Western Forest Products (TSE:WEF) Reaches New 52-Week Low at $1.13

Shares of Western Forest Products Inc (TSE:WEF) reached a new 52-week low on Tuesday . The company traded as low as C$1.13 and last traded at C$1.14, with a volume of 1949962 shares trading hands. The stock had previously closed at C$1.16.

A number of research firms have weighed in on WEF. Raymond James restated an “outperform” rating and issued a C$2.00 price target on shares of Western Forest Products in a research note on Thursday, November 7th. CIBC decreased their price target on Western Forest Products from C$1.50 to C$1.25 in a research note on Friday, October 11th.

The company has a quick ratio of 0.86, a current ratio of 3.85 and a debt-to-equity ratio of 25.88. The stock has a 50 day simple moving average of C$1.23 and a two-hundred day simple moving average of C$1.35. The stock has a market capitalization of $435.23 million and a P/E ratio of -35.63.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, December 13th will be paid a $0.0225 dividend. The ex-dividend date of this dividend is Tuesday, November 26th. This represents a $0.09 dividend on an annualized basis and a yield of 7.89%. Western Forest Products’s dividend payout ratio is -281.25%.

Western Forest Products Company Profile (TSE:WEF)

Western Forest Products Inc operates as an integrated forest products company. The company is involved in timber harvesting, sawmilling logs into specialty lumber, and value-added lumber remanufacturing. It offers various products for outdoor living space, such as structures, decking, landscaping, and fencing; home components, including appearance, Japanese housing, and framing, as well as siding, paneling, trim, and soffits; and furniture, moldings, and decorative purpose, as well as doors, windows, and stair components.

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