Resolute Forest Products (TSE:RFP) Share Price Crosses Above 50-Day Moving Average of $6.01

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Resolute Forest Products (TSE:RFP) (NYSE:RFP) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $6.01 and traded as high as $6.36. Resolute Forest Products shares last traded at $6.08, with a volume of 45,300 shares changing hands.

The stock has a market capitalization of $556.93 million and a price-to-earnings ratio of -5.30. The company has a debt-to-equity ratio of 55.28, a quick ratio of 1.07 and a current ratio of 2.85. The business has a 50-day moving average of C$6.05 and a 200-day moving average of C$3.68.

Resolute Forest Products (TSE:RFP) (NYSE:RFP) last announced its earnings results on Thursday, July 30th. The company reported C($0.35) earnings per share (EPS) for the quarter. The company had revenue of C$848.59 million during the quarter. On average, research analysts predict that Resolute Forest Products will post 1.91 earnings per share for the current fiscal year.

About Resolute Forest Products (TSE:RFP)

Resolute Forest Products Inc operates in the forest products industry in the United States, Canada, Mexico, and internationally. The company operates through five segments: Market Pulp, Tissue, Wood Products, Newsprint, and Specialty Papers. The Market Pulp segment offers virgin and recycled bleached Kraft used to make a range of consumer products, including tissue, packaging, specialty paper products, diapers, and other absorbent products.

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