Canfor Pulp Products (TSE:CFX) Hits New 12-Month Low – Here’s Why

Shares of Canfor Pulp Products Inc. (TSE:CFX) hit a new 52-week low on Thursday . The company traded as low as C$0.71 and last traded at C$0.72, with a volume of 13200 shares changing hands. The stock had previously closed at C$0.71.

Analysts Set New Price Targets

Separately, Royal Bank of Canada decreased their target price on Canfor Pulp Products from C$1.25 to C$1.00 and set a “sector perform” rating for the company in a research report 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 company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of C$1.65.

Canfor Pulp Products Price Performance

The firm has a market capitalization of C$48.14 million, a P/E ratio of -0.27, 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$0.79 and a 200 day moving average price of C$0.86. The company has a debt-to-equity ratio of 57.90, a current ratio of 0.91 and a quick ratio of 0.73.

About Canfor Pulp Products

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.