Canfor Pulp Products (TSE:CFX) Hits New 52-Week Low – Here’s Why

Canfor Pulp Products Inc. (TSE:CFX) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$0.66 and last traded at C$0.68, with a volume of 8501 shares trading hands. The stock had previously closed at C$0.70.

Wall Street Analysts Forecast Growth

Separately, CIBC cut their price target on Canfor Pulp Products from C$1.25 to C$1.00 in a report on Monday, March 10th.

Canfor Pulp Products Price Performance

The company has a 50-day moving average price of C$0.73 and a 200-day moving average price of C$0.81. The company has a market capitalization of C$45.47 million, a price-to-earnings ratio of -0.26, a price-to-earnings-growth ratio of -25.62 and a beta of 1.33. The company has a debt-to-equity ratio of 57.90, a quick ratio of 0.73 and a current ratio of 0.91.

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.