Canfor Pulp Products (OTCMKTS:CFPUF) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Shares of Canfor Pulp Products Inc. (OTCMKTS:CFPUFGet Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.44 and traded as low as $0.2723. Canfor Pulp Products shares last traded at $0.2723, with a volume of 359 shares.

Analysts Set New Price Targets

Separately, Scotiabank reissued a “sector perform” rating on shares of Canfor Pulp Products in a research note on Monday. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.

View Our Latest Research Report on CFPUF

Canfor Pulp Products Trading Up 23.8%

The firm’s 50-day moving average price is $0.30 and its 200 day moving average price is $0.44.

About Canfor Pulp Products

(Get Free Report)

Canfor Pulp Products Inc, together with its subsidiaries, produces and supplies pulp and paper products in Canada, Europe, Asia, the United States, and internationally. It operates in two segments, Pulp and Paper. The company offers solid wood; bleached and unbleached softwood kraft pulps; and bleached, unbleached, and colored kraft papers.

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