Powered by

Westbond Enterprises sinks 5.3% March 01, 2017 17:00 EST

Mar 01, 2017 - News Bites Canadian Markets

CANADIAN DAILY STOCK REPORT

WestBond Enterprises Corporation (TSXV:WBE), Canada's 15th largest Forest products company by market cap, has sunk 0.50c (5.3%) from its last trading session of February 23 to close at 9.0c. Compared with the S&P/TSX 60 Index which rose 11.1 points (1.2%) in the day, the relative price change was -6.5%. The volume was 0.4 times the average daily trading volume of 3,814 shares.

SECTION 1

WESTBOND ENTERPRISES BEARISH SIGNALS

1.1 Fundamentals:

+ As per the Du Pont analysis, Return on Equity is less than stellar at 1.1%. This is computed as net profit margin of 0.7% times asset turnover [sales/assets] of 0.68 times leverage factor [total assets/shareholders' equity] of ...