Resolute Forest Products (TSE:RFP) Stock Price Passes Below 50 Day Moving Average – Should You Sell?

Resolute Forest Products Inc. (TSE:RFPGet Free Report) (NYSE:RFP)’s share price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$29.43 and traded as low as C$28.41. Resolute Forest Products shares last traded at C$29.43, with a volume of 356,513 shares.

Resolute Forest Products Stock Performance

The company has a debt-to-equity ratio of 16.85, a current ratio of 2.91 and a quick ratio of 1.60. The stock has a market cap of C$2.26 billion, a price-to-earnings ratio of 3.76 and a beta of 2.65. The stock has a 50 day moving average of C$29.43.

Resolute Forest Products Company Profile

(Get Free Report)

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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