GreenFirst Forest Products (TSE:GFP) Reaches New 52-Week Low – What’s Next?

GreenFirst Forest Products Inc. (TSE:GFP) reached a new 52-week low on Thursday. The stock traded as low as C$1.59 and last traded at C$1.65, with a volume of 30408 shares changing hands. The stock had previously closed at C$1.80.

GreenFirst Forest Products Stock Performance

The company has a market capitalization of C$39.61 million, a PE ratio of -0.37 and a beta of 1.58. The firm’s 50-day simple moving average is C$1.89 and its 200-day simple moving average is C$2.03. The company has a current ratio of 2.11, a quick ratio of 1.06 and a debt-to-equity ratio of 149.36.

GreenFirst Forest Products (TSE:GFP) last issued its quarterly earnings data on Tuesday, August 11th. The company reported C$0.24 EPS for the quarter. The firm had revenue of C$96.10 million for the quarter. GreenFirst Forest Products had a negative net margin of 34.66% and a negative return on equity of 184.29%. On average, research analysts predict that GreenFirst Forest Products Inc. will post 0.05 earnings per share for the current year.

About GreenFirst Forest Products

GreenFirst Forest Products is a forest-first business, focused on sustainable forest management and lumber production. The Company owns four sawmills located in rich wood baskets proudly operating over six million hectares of FSC® certified public Ontario forest lands (FSC®-C167905). The Company believes that responsible forest practices, coupled with the long-term green advantage of lumber, provide GreenFirst with significant cyclical and secular advantages in building products.