Canfor Pulp Products (TSE:CFX) Sets New 52-Week Low – Here’s What Happened

Canfor Pulp Products Inc. (TSE:CFX)’s share price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as C$0.67 and last traded at C$0.71, with a volume of 1850 shares traded. The stock had previously closed at C$0.70.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on CFX shares. CIBC reduced their price objective on Canfor Pulp Products from C$1.25 to C$1.00 in a research report on Monday, March 10th. Royal Bank of Canada decreased their price target on shares of Canfor Pulp Products from C$1.25 to C$1.00 and set a “sector perform” rating for the company in a research note on Friday, December 20th.

Canfor Pulp Products Stock Down 7.1 %

The firm has a fifty day moving average of C$0.77 and a 200-day moving average of C$0.84. The company has a quick ratio of 0.73, a current ratio of 0.91 and a debt-to-equity ratio of 57.90. The firm has a market cap of C$43.46 million, a P/E ratio of -0.24, a price-to-earnings-growth ratio of -25.62 and a beta of 1.33.

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.