Resolute Forest Products (TSE:RFP) Trading Down 5.8% – Here’s Why

Resolute Forest Products Inc. (TSE:RFPGet Free Report) (NYSE:RFP) shares fell 5.8% on Monday . The company traded as low as C$28.41 and last traded at C$29.43. 356,513 shares changed hands during trading, an increase of 1,029% from the average session volume of 31,579 shares. The stock had previously closed at C$31.23.

Resolute Forest Products Stock Performance

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 stock has a market capitalization of C$2.26 billion, a P/E ratio of 3.76 and a beta of 2.65. The stock has a fifty day simple moving average of C$29.43.

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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