Conifex Timber Inc. (TSE:CFF – Get Free Report) 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.
Read Our Latest Report on Conifex Timber
Conifex Timber Stock Performance
Conifex Timber (TSE:CFF – Get Free Report) 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.
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