Canfor Pulp Products (TSE:CFX) Reaches New 52-Week Low – What’s Next?

Shares of Canfor Pulp Products Inc. (TSE:CFX) reached a new 52-week low during trading on Tuesday . The stock traded as low as C$0.83 and last traded at C$0.83, with a volume of 11272 shares trading hands. The stock had previously closed at C$0.86.

Analyst Upgrades and Downgrades

Separately, Scotiabank reduced their target price on Canfor Pulp Products from C$2.00 to C$1.50 and set a “sector perform” rating for the company in a report on Tuesday, July 30th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of C$1.70.

Canfor Pulp Products Stock Down 3.5 %

The firm has a market capitalization of C$54.14 million, a P/E ratio of -0.70, a price-to-earnings-growth ratio of -25.62 and a beta of 1.33. The business has a 50 day moving average price of C$0.92 and a 200 day moving average price of C$1.07. The company has a debt-to-equity ratio of 32.11, a current ratio of 0.90 and a quick ratio of 0.73.

Canfor Pulp Products Company Profile

Canfor Pulp Products Inc, together with its subsidiaries, produces and supplies pulp and paper products in Canada, Europe, Asia, the United States, and internationally. It operates in two segments, Pulp and Paper. The company offers solid wood; bleached and unbleached softwood kraft pulps; and bleached, unbleached, and colored kraft papers.