Canfor Pulp Products (TSE:CFX) Hits New 52-Week Low – Here’s Why

Canfor Pulp Products Inc. (TSE:CFX)’s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$0.66 and last traded at C$0.66, with a volume of 37239 shares traded. The stock had previously closed at C$0.70.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CFX. CIBC lowered their price objective on shares of Canfor Pulp Products from C$1.25 to C$1.00 in a research note on Monday, March 10th. Royal Bank of Canada lowered their price target 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.

Canfor Pulp Products Trading Down 2.8 %

The company has a debt-to-equity ratio of 57.90, a current ratio of 0.91 and a quick ratio of 0.73. The stock’s 50 day moving average is C$0.77 and its 200-day moving average is C$0.85. The company has a market capitalization of C$46.81 million, a P/E ratio of -0.26, a P/E/G ratio of -25.62 and a beta of 1.33.

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.