Canfor Pulp Products (TSE:CFX) Stock Passes Below Two Hundred Day Moving Average – Here’s What Happened

Shares of Canfor Pulp Products Inc. (TSE:CFX) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$0.92 and traded as low as C$0.81. Canfor Pulp Products shares last traded at C$0.81, with a volume of 3,985 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada decreased their price target on Canfor Pulp Products from C$1.25 to C$1.00 and set a “sector perform” rating for the company in a report on Friday, December 20th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of C$1.65.

Canfor Pulp Products Price Performance

The stock has a market cap of C$52.84 million, a PE ratio of -0.66, a P/E/G ratio of -25.62 and a beta of 1.33. The company has a debt-to-equity ratio of 32.11, a quick ratio of 0.73 and a current ratio of 0.90. The business has a 50 day moving average price of C$0.86 and a two-hundred day moving average price of C$0.92.

Canfor Pulp Products Company Profile

Canfor Pulp Products Inc, together with its subsidiaries, produces and supplies pulp and paper products in Canada, Europe, Asia, the United States, and internationally. It operates in two segments, Pulp and Paper. The company offers solid wood; bleached and unbleached softwood kraft pulps; and bleached, unbleached, and colored kraft papers.