West Fraser Timber (TSE:WFG) Share Price Breaks Below 50-Day Moving Average – Should You Sell?

West Fraser Timber Co. Ltd. (TSE:WFG)’s share price passed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of C$95.83 and traded as low as C$94.78. West Fraser Timber shares last traded at C$95.40, with a volume of 145,268 shares changing hands.

Wall Street Analyst Weigh In

Separately, Raymond James Financial upgraded shares of West Fraser Timber from a “hold” rating to a “moderate buy” rating in a report on Tuesday, September 15th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$96.50.

West Fraser Timber Stock Down 0.8%

The company has a quick ratio of 2.10, a current ratio of 2.29 and a debt-to-equity ratio of 9.54. The company’s fifty day simple moving average is C$95.83 and its 200 day simple moving average is C$93.45. The firm has a market capitalization of C$7.47 billion, a PE ratio of -6.94 and a beta of 0.99.

West Fraser Timber (TSE:WFG) last posted its earnings results on Wednesday, October 28th. The company reported C($1.47) earnings per share for the quarter. West Fraser Timber had a negative return on equity of 24.07% and a negative net margin of 23.89%. The firm had revenue of C$1.94 billion for the quarter. Analysts anticipate that West Fraser Timber Co. Ltd. will post 8.12 earnings per share for the current fiscal year.

West Fraser Timber Company Profile

West Fraser is a diversified wood products company with more than 50 facilities in Canada , the United States , the United Kingdom , and Europe , which promotes sustainable forest practices in its operations. The Company produces lumber, engineered wood products (OSB, LVL, MDF, plywood, and particleboard), northern bleached softwood kraft pulp, paper, wood chips, and other residuals. West Fraser’s products are used in home construction, repair and remodelling, industrial applications, papers and tissue.