Interfor (OTCMKTS:IFSPF) Shares Down 4.9% – Time to Sell?

Shares of Interfor Co. (OTCMKTS:IFSPF) fell 4.9% on Wednesday . The company traded as low as $6.0765 and last traded at $6.08. 41,776 shares were traded during mid-day trading, an increase of 80% from the average session volume of 23,194 shares. The stock had previously closed at $6.39.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on IFSPF. Royal Bank Of Canada reissued an “outperform” rating on shares of Interfor in a research note on Thursday, October 2nd. CIBC downgraded Interfor from a “neutral” rating to an “underperform” rating in a research report on Tuesday, December 9th. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Interfor Price Performance

The firm’s fifty day moving average is $5.85 and its two-hundred day moving average is $7.63.

About Interfor

Interfor Corporation is a leading global manufacturer of wood products, headquartered in Vancouver, British Columbia. The company operates a network of sawmills across Canada and the United States, producing a wide range of softwood lumber items for residential, commercial and industrial construction. Interfor’s product portfolio includes dimension lumber, timbers, boards and specialty wood products designed to meet the needs of building material distributors, home center retail channels and industrial end-users.

Interfor’s operations span premier timber-growing regions in British Columbia, Alberta, Washington State and Oregon.