Interfor (OTCMKTS:IFSPF) Trading 1.9% Higher – Should You Buy?

Shares of Interfor Co. (OTCMKTS:IFSPF) rose 1.9% during mid-day trading on Thursday . The company traded as high as $8.95 and last traded at $8.76. 82,974 shares traded hands during mid-day trading, an increase of 171% from the average session volume of 30,597 shares. The stock had previously closed at $8.5990.

Wall Street Analyst Weigh In

IFSPF has been the topic of a number of research reports. Raymond James Financial lowered Interfor from a “strong-buy” rating to an “outperform” rating in a report on Thursday, April 23rd. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Interfor in a research note on Tuesday, May 19th. Finally, TD Securities reaffirmed a “hold” rating on shares of Interfor in a report on Tuesday, May 19th. 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, the company currently has an average rating of “Moderate Buy”.

Interfor Stock Performance

The firm’s 50 day moving average price is $7.77 and its 200-day moving average price is $7.39.

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.