Interfor (OTCMKTS:IFSPF) Shares Climb 3.1% – Here’s What Happened

Interfor Co. (OTCMKTS:IFSPF)’s share price traded up 3.1% during mid-day trading on Monday. The company traded as high as $10.5320 and last traded at $10.5320. 18,959 shares changed hands during mid-day trading, a decline of 32% from the average daily volume of 27,886 shares. The stock had previously closed at $10.2130.

Analyst Upgrades and Downgrades

IFSPF has been the subject of a number of research reports. BMO Capital Markets reissued an “outperform” rating on shares of Interfor in a research note on Thursday, August 13th. Scotiabank reaffirmed an “outperform” rating on shares of Interfor in a research note on Monday, August 10th. Raymond James Financial upgraded Interfor from an “outperform” rating to a “strong-buy” rating in a report on Tuesday, September 15th. Finally, Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Interfor in a research note on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Interfor Stock Up 3.1%

The stock’s 50 day simple moving average is $10.04 and its two-hundred day simple moving average is $8.49.

Interfor Company Profile

Interfor Corporation is a forest products company headquartered in Vancouver, British Columbia. The company is primarily engaged in the production and sale of lumber and related wood products for residential and commercial construction, industrial applications, and other markets.

Interfor operates sawmills and related facilities across Canada and the United States, with a geographic presence in British Columbia, Alberta, the U.S. Pacific Northwest, and the U.S. Southeast. Its products include dimensional lumber, specialty lumber, and residual products such as wood chips, bark, and sawdust.

Founded in 1963, Interfor has expanded through the development and acquisition of sawmilling operations in North America.