Canfor (OTCMKTS:CFPZF) Stock Price Passes Below 200-Day Moving Average – Here’s What Happened

Shares of Canfor Co. (OTCMKTS:CFPZF) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.83 and traded as low as $9.7263. Canfor shares last traded at $9.7263, with a volume of 4,111 shares.

Analyst Ratings Changes

Several brokerages have issued reports on CFPZF. Royal Bank Of Canada downgraded Canfor to a “sector perform” rating in a report on Thursday, April 16th. Raymond James Financial downgraded shares of Canfor from a “strong-buy” rating to an “outperform” rating in a report on Thursday, April 23rd. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Canfor Trading Down 2.7%

The business has a fifty day moving average price of $9.76 and a 200-day moving average price of $9.83.

About Canfor

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.