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

Canfor Pulp Products Inc. (TSE:CFX)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$0.50 and traded as high as C$0.56. Canfor Pulp Products shares last traded at C$0.56, with a volume of 18,901 shares.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Royal Bank Of Canada increased their target price on Canfor Pulp Products from C$0.40 to C$0.50 and gave the company a “sector perform” rating in a research note on Thursday, December 18th. Raymond James Financial cut 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 research note on Wednesday, January 14th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of C$0.58.

Canfor Pulp Products Trading Down 1.8%

The company has a current ratio of 0.91, a quick ratio of 0.73 and a debt-to-equity ratio of 60.08. The firm has a market capitalization of C$36.53 million, a P/E ratio of -3.50, a PEG ratio of -25.62 and a beta of 0.18. The business has a 50 day moving average of C$0.59 and a 200-day moving average of C$0.50.

About Canfor Pulp Products

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.