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Resolute Forest Products (TSE:RFP) Stock Crosses Above 50 Day Moving Average of $28.70

Defense World ·  Feb 1, 2023 03:52

Resolute Forest Products Inc. (TSE:RFP – Get Rating) (NYSE:RFP)'s share price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$28.70 and traded as high as C$29.06. Resolute Forest Products shares last traded at C$28.81, with a volume of 29,545 shares traded.

Resolute Forest Products Stock Up 0.2 %

The company has a market capitalization of C$2.21 billion and a PE ratio of 3.85. The company has a current ratio of 2.91, a quick ratio of 1.60 and a debt-to-equity ratio of 16.85. The firm has a 50 day simple moving average of C$28.70 and a two-hundred day simple moving average of C$27.76.

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Resolute Forest Products (TSE:RFP – Get Rating) (NYSE:RFP) last issued its quarterly earnings results 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 for the quarter. Research analysts expect that Resolute Forest Products Inc. will post 2.89 EPS for the current year.

About Resolute Forest Products

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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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