Conifex Timber (TSE:CFF) Hits New 12-Month Low – Time to Sell?

Conifex Timber Inc. (TSE:CFF) hit a new 52-week low on Monday . The company traded as low as C$0.10 and last traded at C$0.10, with a volume of 148226 shares. The stock had previously closed at C$0.11.

Analyst Upgrades and Downgrades

Separately, Raymond James Financial dropped their price target on Conifex Timber from C$0.85 to C$0.75 and set a “market perform” rating for the company in a report on Monday, August 18th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Conifex Timber presently has a consensus rating of “Hold” and a consensus price target of C$0.75.

Conifex Timber Price Performance

The company has a quick ratio of 0.91, a current ratio of 1.48 and a debt-to-equity ratio of 79.64. The company’s fifty day moving average price is C$0.21 and its 200 day moving average price is C$0.28. The company has a market capitalization of C$4.48 million, a P/E ratio of -0.13, a PEG ratio of 0.06 and a beta of 1.09.

Conifex Timber (TSE:CFF) last issued its quarterly earnings results on Friday, November 14th. The company reported C($0.37) earnings per share (EPS) for the quarter. Conifex Timber had a negative net margin of 17.64% and a negative return on equity of 22.06%. The company had revenue of C$38.16 million during the quarter. As a group, sell-side analysts forecast that Conifex Timber Inc. will post 0.0300312 EPS for the current year.

Conifex Timber Company Profile

Conifex Timber Inc is a Canada based forestry company. It operates through two segments: Lumber and Bioenergy. The main activities of the lumbar segment include timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value-added lumber finishing. The firm’s primary activities of the bioenergy segment are the generation of electrical power and the development of other opportunities in bioenergy and bioproducts which are complementary to the company’s harvesting and manufacturing operations.