Interfor (OTCMKTS:IFSPF) Trading Down 4.3% – Time to Sell?

Interfor Co. (OTCMKTS:IFSPF)’s stock price dropped 4.3% during mid-day trading on Thursday . The company traded as low as $8.26 and last traded at $8.27. 37,305 shares changed hands during mid-day trading, an increase of 22% from the average session volume of 30,580 shares. The stock had previously closed at $8.64.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on IFSPF shares. Raymond James Financial cut shares of Interfor from a “strong-buy” rating to an “outperform” rating in a research note on Thursday, April 23rd. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Interfor in a research report on Tuesday, May 19th. Finally, TD Securities reissued a “hold” rating on shares of Interfor in a research note on Tuesday, May 19th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Interfor Trading Down 4.3%

The firm has a fifty day moving average price of $7.39 and a 200-day moving average price of $7.09.

Interfor Company Profile

Interfor Corporation is a leading global manufacturer of wood products, headquartered in Vancouver, British Columbia. The company operates a network of sawmills across Canada and the United States, producing a wide range of softwood lumber items for residential, commercial and industrial construction. Interfor’s product portfolio includes dimension lumber, timbers, boards and specialty wood products designed to meet the needs of building material distributors, home center retail channels and industrial end-users.

Interfor’s operations span premier timber-growing regions in British Columbia, Alberta, Washington State and Oregon.