Canfor Pulp Products (TSE:CFX) Hits New 1-Year Low – Time to Sell?

Canfor Pulp Products Inc. (TSE:CFX) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as C$0.71 and last traded at C$0.72, with a volume of 13200 shares trading hands. The stock had previously closed at C$0.71.

Analysts Set New Price Targets

Separately, Royal Bank of Canada decreased their price objective on shares of Canfor Pulp Products from C$1.25 to C$1.00 and set a “sector perform” rating on the stock in a report on Friday, December 20th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Canfor Pulp Products has an average rating of “Hold” and a consensus target price of C$1.65.

Canfor Pulp Products Stock Up 1.4 %

The stock has a market cap of C$48.14 million, a price-to-earnings ratio of -0.27, a P/E/G ratio of -25.62 and a beta of 1.33. The company has a current ratio of 0.91, a quick ratio of 0.73 and a debt-to-equity ratio of 57.90. The firm’s 50 day moving average is C$0.79 and its two-hundred day moving average is C$0.87.

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.