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

Canfor Pulp Products Inc. (TSE:CFX)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-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 traded.

Wall Street Analysts Forecast Growth

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

Canfor Pulp Products Trading Down 1.6%

The company has a debt-to-equity ratio of 57.90, a quick ratio of 0.73 and a current ratio of 0.91. The stock has a market capitalization of C$41.10 million, a P/E ratio of -3.94, a price-to-earnings-growth ratio of -25.62 and a beta of 0.04. The stock has a 50-day moving average price of C$0.51 and a two-hundred day moving average price of C$0.50.

Canfor Pulp Products (TSE:CFX) last announced its quarterly earnings results on Wednesday, November 5th. The company reported C($0.19) EPS for the quarter. The business had revenue of C$164.60 million during the quarter. Canfor Pulp Products had a negative return on equity of 60.52% and a negative net margin of 21.46%. On average, research analysts forecast that Canfor Pulp Products Inc. will post 0.12 EPS for the current fiscal year.

About Canfor Pulp Products

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.