Doman Building Materials Group (OTCMKTS:CWXZF) Stock Price Down 1.9% – Time to Sell?

Doman Building Materials Group Ltd. (OTCMKTS:CWXZF)’s stock price traded down 1.9% during mid-day trading on Monday . The company traded as low as $7.3980 and last traded at $7.3980. 100 shares were traded during mid-day trading, a decline of 99% from the average session volume of 12,047 shares. The stock had previously closed at $7.54.

Wall Street Analysts Forecast Growth

Separately, Desjardins began coverage on shares of Doman Building Materials Group in a research report on Wednesday, October 29th. They set a “buy” rating for the company. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Doman Building Materials Group currently has a consensus rating of “Moderate Buy”.

Doman Building Materials Group Stock Down 1.9%

The firm has a fifty day moving average price of $7.19 and a 200 day moving average price of $6.84.

Doman Building Materials Group Company Profile

Doman Building Materials Group is a Canadian integrated building products business involved in the manufacturing, marketing and distribution of forest products for the residential and commercial construction sectors. The company offers a range of dimension lumber, engineered wood components, value-added panel products and related building materials to building supply dealers, prefabricators and end-use customers. Through its network of manufacturing facilities and regional distribution centres, Doman Building Materials Group serves markets across Western Canada and portions of the U.S.