Canfor Pulp Products (TSE:CFX) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Canfor Pulp Products Inc. (TSE:CFX) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.52 and traded as high as C$0.54. Canfor Pulp Products shares last traded at C$0.54, with a volume of 60,026 shares.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CFX. Royal Bank Of Canada lifted their price objective on Canfor Pulp Products from C$0.40 to C$0.50 and gave the stock a “sector perform” rating in a research report on Thursday, December 18th. Raymond James Financial dropped their price target on shares of Canfor Pulp Products from C$1.00 to C$0.75 and set an “outperform” rating for the company in a research note on Wednesday, October 15th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of C$0.67.

Canfor Pulp Products Price Performance

The company has a debt-to-equity ratio of 57.90, a quick ratio of 0.73 and a current ratio of 0.91. The company has a market capitalization of C$35.23 million, a price-to-earnings ratio of -3.38, a price-to-earnings-growth ratio of -25.62 and a beta of 0.03. The company has a 50-day moving average price of C$0.43 and a 200-day moving average price of C$0.52.

Canfor Pulp Products (TSE:CFX) last released its quarterly earnings data on Wednesday, November 5th. The company reported C($0.19) earnings per share for the quarter. The firm had revenue of C$164.60 million for the quarter. Canfor Pulp Products had a negative return on equity of 60.52% and a negative net margin of 21.46%. On average, equities research analysts expect that Canfor Pulp Products Inc. will post 0.12 EPS for the current fiscal year.

Canfor Pulp Products Company Profile

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.