Interfor (OTCMKTS:IFSPF) Shares Up 0.6% – Here’s Why

Interfor Co. (OTCMKTS:IFSPF) shares were up 0.6% during trading on Thursday . The stock traded as high as $7.6980 and last traded at $7.6980. Approximately 6,818 shares traded hands during trading, a decline of 78% from the average daily volume of 31,011 shares. The stock had previously closed at $7.65.

Analyst Ratings Changes

IFSPF has been the subject of a number of analyst reports. Raymond James Financial upgraded Interfor from an “outperform” rating to a “strong-buy” rating in a research report on Wednesday, January 14th. Royal Bank Of Canada reissued an “outperform” rating on shares of Interfor in a research report on Thursday, October 2nd. Scotiabank upgraded shares of Interfor from a “sector perform” rating to an “outperform” rating in a research report on Monday. Finally, CIBC cut shares of Interfor from a “neutral” rating to an “underperform” rating in a research report on Tuesday, December 9th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

Interfor Stock Up 0.6%

The stock has a fifty day simple moving average of $6.44 and a two-hundred day simple moving average of $7.39.

About Interfor

Interfor Corporation is a leading global manufacturer of wood products, headquartered in Vancouver, British Columbia. The company operates a network of sawmills across Canada and the United States, producing a wide range of softwood lumber items for residential, commercial and industrial construction. Interfor’s product portfolio includes dimension lumber, timbers, boards and specialty wood products designed to meet the needs of building material distributors, home center retail channels and industrial end-users.

Interfor’s operations span premier timber-growing regions in British Columbia, Alberta, Washington State and Oregon.