GreenFirst Forest Products (TSE:GFP) Reaches New 12-Month High – What’s Next?

GreenFirst Forest Products Inc. (TSE:GFP) shares hit a new 52-week high during trading on Wednesday . The company traded as high as C$730.00 and last traded at C$720.00, with a volume of 19 shares trading hands. The stock had previously closed at C$720.00.

GreenFirst Forest Products Stock Performance

The firm has a market capitalization of C$1.46 billion, a P/E ratio of -25.15 and a beta of 1.17. The business’s 50 day moving average is C$0.62 and its two-hundred day moving average is C$0.56. The company has a quick ratio of 1.06, a current ratio of 2.03 and a debt-to-equity ratio of 33.15.

GreenFirst Forest Products (TSE:GFP) last released its quarterly earnings results on Monday, August 12th. The company reported C($0.08) EPS for the quarter. The company had revenue of C$94.38 million for the quarter. GreenFirst Forest Products had a negative return on equity of 26.52% and a negative net margin of 12.12%. Analysts expect that GreenFirst Forest Products Inc. will post 0.05 EPS for the current year.

GreenFirst Forest Products Company Profile

GreenFirst Forest Products Inc engages in the manufacture and sale of forest products in Canada, and the United States. It operates in two segments, Forest Products and Paper Products. The Forest Products segment manufactures and markets a range of spruce-pine-fir lumber, wood chips, and other by-products for use in residential and multi-family homes, light industrial and commercial facilities, and the home repair and remodel markets.