Interfor (TSE:IFP) Share Price Crosses Below 200 Day Moving Average – Time to Sell?

Interfor Co. (TSE:IFP) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$18.02 and traded as low as C$15.39. Interfor shares last traded at C$15.53, with a volume of 92,006 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts have commented on IFP shares. Royal Bank of Canada dropped their price target on shares of Interfor from C$27.00 to C$26.00 and set an “outperform” rating on the stock in a research note on Friday, December 20th. CIBC dropped their target price on shares of Interfor from C$22.00 to C$20.00 in a research report on Tuesday, February 18th. Scotiabank cut shares of Interfor from an “outperform” rating to a “sector perform” rating in a research report on Monday, March 3rd. Finally, Raymond James dropped their price objective on Interfor from C$30.00 to C$26.00 and set a “strong-buy” rating on the stock in a report on Thursday, January 30th. Four research analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$23.67.

Interfor Stock Performance

The company has a current ratio of 1.69, a quick ratio of 1.15 and a debt-to-equity ratio of 61.24. The stock has a market cap of C$804.23 million, a price-to-earnings ratio of -1.90 and a beta of 2.54. The stock’s 50 day moving average is C$16.44 and its two-hundred day moving average is C$18.02.

Insider Transactions at Interfor

In related news, Director Ian Fillinger purchased 3,150 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The shares were purchased at an average price of C$16.29 per share, for a total transaction of C$51,304.05. Insiders own 0.94% of the company’s stock.

About Interfor

Interfor Corporation, together with its subsidiaries, produces and sells wood products in Canada, the United States, Japan, China, Taiwan, and internationally. It offers decking, fascia and board, framing, v-joint paneling, fineline paneling, and siding products, as well as appearance, structural, studs, timbers, and machine stress related products.