Interfor (OTCMKTS:IFSPF) Shares Up 2.6% – Still a Buy?

Interfor Co. (OTCMKTS:IFSPF)’s stock price traded up 2.6% during trading on Friday. The stock traded as high as $10.07 and last traded at $10.07. 25,843 shares traded hands during mid-day trading, a decline of 5% from the average daily volume of 27,144 shares. The stock had previously closed at $9.8150.

Analyst Ratings Changes

IFSPF has been the topic of a number of recent research reports. Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Interfor in a research note on Tuesday, July 21st. BMO Capital Markets reiterated an “outperform” rating on shares of Interfor in a research note on Thursday, August 13th. Scotiabank reiterated an “outperform” rating on shares of Interfor in a research note on Monday, August 10th. Finally, Raymond James Financial upgraded Interfor from an “outperform” rating to a “strong-buy” rating in a report on Tuesday, September 15th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

Interfor Stock Up 2.6%

The firm’s 50 day moving average price is $10.02 and its two-hundred day moving average price is $8.82.

Interfor Company Profile

Interfor Corporation is a Canadian forest products company that manufactures and sells lumber and related wood products. Its primary business is the production of dimensional lumber used in residential and commercial construction, repair and remodeling, and industrial applications.

The company also produces specialty and value-added wood products, including grades and sizes designed for specific construction and manufacturing needs. Interfor sells its products through building material distributors, retailers and other customers in North America and international markets.

Interfor operates sawmills and related facilities in the Canadian province of British Columbia and in the U.S.