Shares of Hardwoods Distribution Inc. (OTCMKTS:HDIUF) were up 0.1% during trading on Tuesday . The company traded as high as $26.22 and last traded at $26.17. Approximately 625 shares were traded during trading, a decline of 52% from the average daily volume of 1,290 shares. The stock had previously closed at $26.14.
Several equities research analysts have issued reports on HDIUF shares. Canaccord Genuity boosted their price objective on shares of Hardwoods Distribution from $33.00 to $37.00 and gave the company a “buy” rating in a research report on Monday, March 15th. CIBC boosted their price objective on shares of Hardwoods Distribution from $32.00 to $38.00 and gave the company an “outperform” rating in a research report on Tuesday, March 16th. Finally, National Bank Financial reissued an “outperform” rating on shares of Hardwoods Distribution in a research report on Monday, March 15th.
The firm’s 50-day simple moving average is $23.40 and its 200-day simple moving average is $20.64.
Hardwoods Distribution Inc engages in the wholesale distribution of architectural building products to the residential, repair and remodel, and commercial construction markets. It offers a range of decorative surfaces, including architectural grade plywood and veneers, hardwood lumber, laminates, acrylics, and composites for use in commercial and residential applications; specialty plywood and composite panel products for residential and commercial cabinet, countertop, store fixture, and RV and furniture industries; and other products comprising moldings, cabinet hardware, doors, millwork, adhesives, solid surface products, and decorative laminates.
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