Canfor Pulp Products (TSE:CFX) Stock Crosses Above 200 Day Moving Average – Should You Sell?

Canfor Pulp Products Inc. (TSE:CFXGet Free Report) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$0.50 and traded as high as C$0.63. Canfor Pulp Products shares last traded at C$0.63, with a volume of 3,458 shares changing hands.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CFX. Royal Bank Of Canada increased their price objective on Canfor Pulp Products from C$0.40 to C$0.50 and gave the stock a “sector perform” rating in a research report on Thursday, December 18th. Raymond James Financial cut Canfor Pulp Products from a “moderate buy” rating to a “hold” rating and lowered their price target for the company from C$0.75 to C$0.50 in a report on Wednesday, January 14th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of C$0.58.

Get Our Latest Stock Report on Canfor Pulp Products

Canfor Pulp Products Trading Down 1.6%

The stock has a 50 day moving average of C$0.51 and a 200 day moving average of C$0.50. The company has a debt-to-equity ratio of 57.90, a current ratio of 0.91 and a quick ratio of 0.73. The firm has a market cap of C$41.10 million, a P/E ratio of -3.94, a PEG ratio of -25.62 and a beta of 0.04.

Canfor Pulp Products (TSE:CFXGet Free Report) last announced its quarterly earnings data on Wednesday, November 5th. The company reported C($0.19) earnings per share for the quarter. The firm had revenue of C$164.60 million for the quarter. Canfor Pulp Products had a negative net margin of 21.46% and a negative return on equity of 60.52%. As a group, equities research analysts predict that Canfor Pulp Products Inc. will post 0.12 EPS for the current year.

Canfor Pulp Products Company Profile

(Get Free Report)

Canfor Pulp Products Inc produces and sells northern bleached softwood kraft pulp, or NBSK pulp and paper. The company also generates and sells electricity from biomass out of its pulp plants in Western Canada. The firm organizes itself into two segments based on product: pulp and paper. The pulp segment generates most of the revenue. Canfor Pulp’s NBSK pulp customers are typically manufacturers of tissue paper, specialty paper, and printing and writing paper. Most of Canfor Pulp’s revenue comes from Asia.

Further Reading

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