Interfor (OTCMKTS:IFSPF) Shares Down 4.3% – Time to Sell?

Interfor Co. (OTCMKTS:IFSPF) fell 4.3% during trading on Thursday . The company traded as low as $8.26 and last traded at $8.27. 37,305 shares were traded during trading, an increase of 22% from the average session volume of 30,580 shares. The stock had previously closed at $8.64.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on IFSPF shares. TD Securities reissued a “hold” rating on shares of Interfor in a research report on Tuesday, May 19th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Interfor in a research report on Tuesday, May 19th. Finally, Raymond James Financial downgraded shares of Interfor from a “strong-buy” rating to an “outperform” rating in a research note on Thursday, April 23rd. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Interfor currently has a consensus rating of “Moderate Buy”.

Interfor Price Performance

The stock has a fifty day moving average of $7.39 and a two-hundred day moving average of $7.09.

Interfor Company Profile

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.