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Resolute Forest Products (TSE:RFP) Share Price Passes Below Fifty Day Moving Average of $28.59

Financial News Live ·  Jan 15, 2023 09:11

Resolute Forest Products Inc. (TSE:RFP – Get Rating) (NYSE:RFP) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$28.59 and traded as low as C$28.45. Resolute Forest Products shares last traded at C$28.50, with a volume of 19,340 shares trading hands.

Resolute Forest Products Stock Performance

The stock has a market capitalization of C$2.19 billion and a price-to-earnings ratio of 3.81. The company's 50-day simple moving average is C$28.59 and its 200-day simple moving average is C$27.21. The company has a current ratio of 2.91, a quick ratio of 1.60 and a debt-to-equity ratio of 16.85.

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Resolute Forest Products (TSE:RFP – Get Rating) (NYSE:RFP) last posted its quarterly earnings data on Thursday, November 3rd. The company reported C$1.42 earnings per share for the quarter. The company had revenue of C$1.27 billion during the quarter. On average, analysts expect that Resolute Forest Products Inc. will post 2.89 EPS for the current year.

Resolute Forest Products Company Profile

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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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