Canfor Pulp Products (TSE:CFX) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

Canfor Pulp Products Inc. (TSE:CFXGet Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$0.49 and traded as high as C$0.52. Canfor Pulp Products shares last traded at C$0.52, with a volume of 51,420 shares trading hands.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CFX. Royal Bank Of Canada raised their price objective on Canfor Pulp Products from C$0.50 to C$0.60 and gave the company a “sector perform” rating in a research note on Monday, March 9th. Raymond James Financial downgraded Canfor Pulp Products from a “moderate buy” rating to a “hold” rating and lowered their price target for the company from C$0.75 to C$0.50 in a report on Wednesday, January 14th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat, Canfor Pulp Products has a consensus rating of “Hold” and an average target price of C$0.62.

View Our Latest Research Report on CFX

Canfor Pulp Products Stock Performance

The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 369.33. The company has a 50-day moving average price of C$0.59 and a 200-day moving average price of C$0.49. The company has a market capitalization of C$33.27 million, a price-to-earnings ratio of -3.19, a P/E/G ratio of -25.62 and a beta of -0.18.

Canfor Pulp Products (TSE:CFXGet Free Report) last posted its quarterly earnings data on Thursday, March 5th. The company reported C($2.05) earnings per share for the quarter. The business had revenue of C$140.20 million for the quarter. Canfor Pulp Products had a negative return on equity of 105.48% and a negative net margin of 21.61%. Research analysts predict that Canfor Pulp Products Inc. will post 0.12 EPS for the current fiscal year.

Canfor Pulp Products Company Profile

(Get Free Report)

Canfor Pulp Products Inc produces and sells northern bleached softwood kraft pulp, or NBSK pulp and paper. The company also generates and sells electricity from biomass out of its pulp plants in Western Canada. The firm organizes itself into two segments based on product: pulp and paper. The pulp segment generates most of the revenue. Canfor Pulp’s NBSK pulp customers are typically manufacturers of tissue paper, specialty paper, and printing and writing paper. Most of Canfor Pulp’s revenue comes from Asia.

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