Canfor Pulp Products (TSE:CFX) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Canfor Pulp Products Inc. (TSE:CFX) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$0.50 and traded as high as C$0.56. Canfor Pulp Products shares last traded at C$0.56, with a volume of 18,901 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Raymond James Financial downgraded Canfor Pulp Products from a “moderate buy” rating to a “hold” rating and decreased their price objective for the company from C$0.75 to C$0.50 in a report on Wednesday, January 14th. Royal Bank Of Canada raised their target price on shares of Canfor Pulp Products from C$0.40 to C$0.50 and gave the company a “sector perform” rating in a research report on Thursday, December 18th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of C$0.58.

Canfor Pulp Products Stock Down 1.8%

The business has a 50 day moving average of C$0.59 and a two-hundred day moving average of C$0.50. The stock has a market capitalization of C$35.23 million, a PE ratio of -3.38, a PEG ratio of -25.62 and a beta of 0.18. The company has a debt-to-equity ratio of 60.08, a quick ratio of 0.73 and a current ratio of 0.91.

Canfor Pulp Products Company Profile

Canfor Pulp Products Inc produces and sells northern bleached softwood kraft pulp, or NBSK pulp and paper. The company also generates and sells electricity from biomass out of its pulp plants in Western Canada. The firm organizes itself into two segments based on product: pulp and paper. The pulp segment generates most of the revenue. Canfor Pulp’s NBSK pulp customers are typically manufacturers of tissue paper, specialty paper, and printing and writing paper. Most of Canfor Pulp’s revenue comes from Asia.