Norbord Inc (TSE:OSB)’s share price reached a new 52-week low during trading on Tuesday . The company traded as low as C$29.38 and last traded at C$29.66, with a volume of 194802 shares. The stock had previously closed at C$30.21.

OSB has been the topic of a number of recent research reports. Raymond James lowered their price objective on Norbord from C$51.00 to C$45.00 in a research note on Wednesday, April 3rd. Royal Bank of Canada lowered Norbord from a “top pick” rating to an “outperform” rating and set a C$45.00 price objective on the stock. in a research note on Monday, February 4th. Finally, CIBC raised their price objective on Norbord from C$29.00 to C$30.00 in a research note on Tuesday, February 5th.

The firm has a market cap of $2.47 billion and a price-to-earnings ratio of 9.14. The company has a quick ratio of 0.82, a current ratio of 1.80 and a debt-to-equity ratio of 80.32.

Norbord (TSE:OSB) last issued its earnings results on Thursday, May 2nd. The company reported C($0.03) earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.04 by C($0.07). The business had revenue of C$632.87 million during the quarter, compared to analysts’ expectations of C$621.00 million. As a group, equities research analysts predict that Norbord Inc will post 2.35999985259402 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 21st. Shareholders of record on Saturday, June 1st will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.42%. The ex-dividend date of this dividend is Thursday, May 30th. Norbord’s dividend payout ratio is presently 145.04%.

WARNING: “Norbord (OSB) Sets New 52-Week Low at $29.38” was reported by Watch List News and is the property of of Watch List News. If you are accessing this piece on another site, it was stolen and republished in violation of United States and international copyright law. The legal version of this piece can be accessed at https://www.watchlistnews.com/norbord-osb-sets-new-52-week-low-at-29-38/3017939.html.

Norbord Company Profile (TSE:OSB)

Norbord Inc manufactures and sells wood-based panels for retail chains, contractor supply yards, and industrial manufacturers primarily in North America and Europe. The company offers oriented strand boards for use in sheathing, flooring, and roofing in home construction applications; particleboards that are used in flooring and other construction applications; and medium density fiberboards for use in cabinet doors, mouldings, and interior wall paneling applications, as well as related value-added products for use in the construction of new homes, and renovation and repair of existing structures.

Featured Story: What is the quiet period?

Receive News & Ratings for Norbord Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Norbord and related companies with MarketBeat.com's FREE daily email newsletter.