Canfor Pulp Products (TSE:CFX) Reaches New 12-Month Low – Time to Sell?

Shares of Canfor Pulp Products Inc. (TSE:CFX) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$0.70 and last traded at C$0.67, with a volume of 4508 shares trading hands. The stock had previously closed at C$0.74.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada reduced their price target on Canfor Pulp Products from C$1.25 to C$1.00 and set a “sector perform” rating on the stock in a research report on Friday, December 20th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Canfor Pulp Products presently has an average rating of “Hold” and a consensus target price of C$1.65.

Canfor Pulp Products Stock Performance

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 has a 50-day moving average price of C$0.79 and a 200-day moving average price of C$0.86. The firm has a market capitalization of C$44.80 million, a PE ratio of -0.25, a price-to-earnings-growth 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.