Canfor (OTCMKTS:CFPZF) Shares Pass Above 50-Day Moving Average – What’s Next?

Canfor Co. (OTCMKTS:CFPZF)’s stock price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $9.59 and traded as high as $10.4540. Canfor shares last traded at $10.32, with a volume of 6,251 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on CFPZF shares. Royal Bank Of Canada downgraded Canfor to a “sector perform” rating in a report on Thursday, April 16th. Raymond James Financial cut shares of Canfor from a “strong-buy” rating to an “outperform” rating in a research note on Thursday, April 23rd. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Canfor Price Performance

The business has a fifty day moving average of $9.61 and a two-hundred day moving average of $9.76.

Canfor Company Profile

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.