Canfor (OTCMKTS:CFPZF) Stock Crosses Above 50 Day Moving Average – Here’s What Happened

Shares of Canfor Co. (OTCMKTS:CFPZF) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $9.47 and traded as high as $9.53. Canfor shares last traded at $9.50, with a volume of 1,284 shares changing hands.

Analyst Ratings Changes

CFPZF has been the topic of several research reports. Royal Bank Of Canada lowered shares of Canfor to a “sector perform” rating in a report on Thursday, April 16th. Raymond James Financial lowered Canfor from a “strong-buy” rating to an “outperform” rating in a research report on Thursday, April 23rd. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Canfor Stock Performance

The business’s 50-day moving average price is $9.49 and its 200 day moving average price is $9.69.

Canfor Company Profile

Canfor Corporation is a Canada-based integrated forest products company headquartered in Vancouver, British Columbia. The company’s primary business activities include the manufacturing and distribution of softwood lumber, oriented strand board (OSB), and other wood products used in residential and commercial construction. In addition to its core lumber operations, Canfor produces northern bleached softwood kraft (NBSK) pulp, specialty papers and biofuels through its pulp and paper facilities, providing a vertically integrated offering for customers across multiple end markets.

Canfor operates an extensive network of manufacturing facilities, including lumber mills in British Columbia and Alberta, as well as in the U.S.