Canfor (OTCMKTS:CFPZF) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Canfor Co. (OTCMKTS:CFPZFGet Free Report) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $9.65 and traded as low as $8.5770. Canfor shares last traded at $8.5770, with a volume of 8,177 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, TD Securities reaffirmed a “buy” rating on shares of Canfor in a report on Tuesday, August 5th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, Canfor currently has a consensus rating of “Buy”.

Read Our Latest Research Report on Canfor

Canfor Stock Down 0.1%

The stock has a fifty day simple moving average of $9.15 and a 200-day simple moving average of $9.65.

About Canfor

(Get Free Report)

Canfor Corporation operates as an integrated forest products company in the United States, Asia, Canada, Europe, and internationally. It operates in two segments, Lumber, and Pulp and Paper. The company manufactures and sells softwood lumber, remanufactured lumber products, engineered wood, and other lumber-related products, as well as wood chips and pellets; and generates green energy.

Read More

Receive News & Ratings for Canfor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canfor and related companies with MarketBeat.com's FREE daily email newsletter.