Interfor (OTCMKTS:IFSPF) Shares Down 0.7% – Here’s Why

Interfor Co. (OTCMKTS:IFSPF)’s stock price fell 0.7% during trading on Monday . The stock traded as low as $7.5220 and last traded at $7.5220. 18,267 shares changed hands during trading, a decline of 41% from the average session volume of 31,009 shares. The stock had previously closed at $7.5750.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on IFSPF. Canadian Imperial Bank of Commerce cut shares of Interfor from a “neutral” rating to an “underperform” rating in a research report on Tuesday, December 9th. TD Securities reiterated a “hold” rating on shares of Interfor in a research report on Tuesday, February 17th. Raymond James Financial raised Interfor from an “outperform” rating to a “strong-buy” rating in a research note on Wednesday, January 14th. Scotiabank restated an “outperform” rating on shares of Interfor in a research report on Tuesday, February 17th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Interfor in a research note on Tuesday, February 17th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Interfor Stock Performance

The firm’s 50 day moving average is $7.33 and its two-hundred day moving average is $6.67.

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.