Canfor Pulp Products (TSE:CFX) Sets New 52-Week Low – Here’s What Happened

Canfor Pulp Products Inc. (TSE:CFX)’s stock price hit a new 52-week low on Monday . The stock traded as low as C$0.67 and last traded at C$0.71, with a volume of 1850 shares trading hands. The stock had previously closed at C$0.70.

Analyst Ratings Changes

A number of research analysts have recently issued reports on CFX shares. CIBC dropped their price target 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 cut 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 note on Friday, December 20th.

Canfor Pulp Products Stock Up 1.4 %

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 company has a market capitalization of C$47.47 million, a price-to-earnings ratio of -0.27, a price-to-earnings-growth ratio of -25.62 and a beta of 1.33. The firm’s 50-day simple moving average is C$0.77 and its two-hundred day simple moving average is C$0.84.

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.