Resolute Forest Products (TSE:RFP) Stock Crosses Below Fifty Day Moving Average of $28.65

Resolute Forest Products Inc. (TSE:RFPGet Rating) (NYSE:RFP) shares crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$28.65 and traded as low as C$28.49. Resolute Forest Products shares last traded at C$28.73, with a volume of 19,671 shares changing hands.

Resolute Forest Products Trading Up 0.6 %

The company has a debt-to-equity ratio of 16.85, a quick ratio of 1.60 and a current ratio of 2.91. The stock has a market capitalization of C$2.21 billion and a price-to-earnings ratio of 3.84. The business has a fifty day simple moving average of C$28.65 and a 200 day simple moving average of C$27.66.

Resolute Forest Products (TSE:RFPGet Rating) (NYSE:RFP) last released its quarterly earnings results on Thursday, November 3rd. The company reported C$1.42 EPS for the quarter. The business had revenue of C$1.27 billion during the quarter. As a group, 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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