Canfor Pulp Products (TSE:CFX) Hits New 12-Month Low – Should You Sell?

Posted by Dante Gardener on Dec 30th, 2024

Canfor Pulp Products Inc. (TSE:CFX – Get Free Report) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$0.71 and last traded at C$0.71, with a volume of 121670 shares changing hands. The stock had previously closed at C$0.74.

Wall Street Analysts Forecast Growth

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 report on Friday, December 20th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Canfor Pulp Products has an average rating of “Hold” and a consensus target price of C$1.65.

View Our Latest Stock Report on CFX

Canfor Pulp Products Stock Down 4.1 %

The company has a debt-to-equity ratio of 32.11, a quick ratio of 0.73 and a current ratio of 0.90. The company’s fifty day moving average price is C$0.88 and its 200-day moving average price is C$0.95. The stock has a market cap of C$46.31 million, a P/E ratio of -0.58, a price-to-earnings-growth ratio of -25.62 and a beta of 1.33.

About Canfor Pulp Products

(Get Free Report)

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.