Conifex Timber (TSE:CFF) Shares Pass Below 50 Day Moving Average of $0.39

Conifex Timber Inc. (TSE:CFF) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$0.39 and traded as low as C$0.39. Conifex Timber shares last traded at C$0.39, with a volume of 1,000 shares trading hands.

Analysts Set New Price Targets

Separately, Raymond James cut their target price on Conifex Timber from C$1.25 to C$0.85 and set an “outperform” rating on the stock in a research report on Wednesday, August 14th.

Conifex Timber Stock Performance

The stock’s 50-day moving average is C$0.39 and its 200-day moving average is C$0.49. The company has a current ratio of 1.85, a quick ratio of 0.91 and a debt-to-equity ratio of 73.11. The stock has a market cap of C$15.90 million, a price-to-earnings ratio of -0.57, a P/E/G ratio of 0.06 and a beta of 1.41.

Conifex Timber (TSE:CFF) last issued its earnings results on Tuesday, August 13th. The company reported C($0.22) EPS for the quarter. The business had revenue of C$31.80 million during the quarter. Conifex Timber had a negative net margin of 18.88% and a negative return on equity of 23.85%. On average, analysts expect that Conifex Timber Inc. will post 0.0300312 EPS for the current year.

About Conifex Timber

Conifex Timber Inc primarily manufactures and sells lumber products in the United States, Canada, Japan, and internationally. It is involved in the timber harvesting, reforestation, and forest management activities; manufacture of finished softwood lumber from spruce, pine, and fir logs; manufacture, sale, and distribution of dimension lumber; processing logs into lumber and wood chips, as well as residual products, such as wood chips, trim blocks, sawdust, shavings, and barks; and providing value added lumber finishing services.