Canfor Pulp Products (TSE:CFX) Hits New 52-Week Low on Analyst Downgrade

Canfor Pulp Products Inc. (TSE:CFX)’s share price reached a new 52-week low during trading on Monday after Royal Bank of Canada lowered their price target on the stock from C$1.25 to C$1.00. Royal Bank of Canada currently has a sector perform rating on the stock. Canfor Pulp Products traded as low as C$0.73 and last traded at C$0.77, with a volume of 74009 shares traded. The stock had previously closed at C$0.76.

Canfor Pulp Products Stock Up 1.3 %

The company has a market capitalization of C$50.23 million, a P/E ratio of -0.63, a PEG ratio of -25.62 and a beta of 1.33. The company has a current ratio of 0.90, a quick ratio of 0.73 and a debt-to-equity ratio of 32.11. The stock has a 50 day moving average price of C$0.89 and a 200 day moving average price of C$0.97.

Canfor Pulp Products Company Profile

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.