Canfor Pulp Products (OTCMKTS:CFPUF) Stock Passes Below 200-Day Moving Average – Time to Sell?

Canfor Pulp Products Inc. (OTCMKTS:CFPUFGet Free Report) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $0.41 and traded as low as $0.2775. Canfor Pulp Products shares last traded at $0.2775, with a volume of 5,139 shares.

Analysts Set New Price Targets

Separately, Scotiabank reaffirmed a “sector perform” rating on shares of Canfor Pulp Products in a research note on Monday, November 10th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, Canfor Pulp Products currently has an average rating of “Hold”.

Read Our Latest Stock Report on CFPUF

Canfor Pulp Products Stock Performance

The business has a 50 day moving average price of $0.28 and a two-hundred day moving average price of $0.41.

Canfor Pulp Products Company Profile

(Get Free Report)

Canfor Pulp Products Inc, together with its subsidiaries, produces and supplies pulp and paper products in Canada, Europe, Asia, the United States, and internationally. It operates in two segments, Pulp and Paper. The company offers solid wood; bleached and unbleached softwood kraft pulps; and bleached, unbleached, and colored kraft papers.

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