Canfor (OTCMKTS:CFPZF) Stock Price Crosses Above 50-Day Moving Average – Here’s What Happened

Canfor Co. (OTCMKTS:CFPZF)’s share price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $9.43 and traded as high as $10.91. Canfor shares last traded at $10.18, with a volume of 18,908 shares.

Analyst Ratings Changes

CFPZF has been the topic of several recent analyst reports. Raymond James Financial cut shares of Canfor from a “strong-buy” rating to an “outperform” rating in a report on Thursday, April 23rd. Royal Bank Of Canada cut shares of Canfor to a “sector perform” rating in a report on Thursday, April 16th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Canfor Stock Down 0.5%

The business has a 50 day moving average of $9.43 and a 200 day moving average of $9.54.

About Canfor

Canfor Corporation is a Canada-based integrated forest products company headquartered in Vancouver, British Columbia. The company’s primary business activities include the manufacturing and distribution of softwood lumber, oriented strand board (OSB), and other wood products used in residential and commercial construction. In addition to its core lumber operations, Canfor produces northern bleached softwood kraft (NBSK) pulp, specialty papers and biofuels through its pulp and paper facilities, providing a vertically integrated offering for customers across multiple end markets.

Canfor operates an extensive network of manufacturing facilities, including lumber mills in British Columbia and Alberta, as well as in the U.S.