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

Shares of Canfor Pulp Products Inc. (TSE:CFX) reached a new 52-week low during trading on Wednesday . The stock traded as low as C$0.70 and last traded at C$0.67, with a volume of 4508 shares changing hands. The stock had previously closed at C$0.74.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada dropped their price objective 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. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of C$1.65.

Canfor Pulp Products Stock Performance

The stock has a fifty day simple moving average of C$0.79 and a two-hundred day simple moving average of C$0.86. The stock has a market cap of C$48.81 million, a PE ratio of -0.27, a PEG 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.