Canfor Pulp Products (TSE:CFX) Sets New 12-Month Low – Here’s Why

Canfor Pulp Products Inc. (TSE:CFX) reached a new 52-week low on Tuesday . The company traded as low as C$0.66 and last traded at C$0.66, with a volume of 37239 shares trading hands. The stock had previously closed at C$0.70.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Royal Bank of Canada lowered their target price on shares of Canfor Pulp Products from C$1.25 to C$1.00 and set a “sector perform” rating on the stock in a research note on Friday, December 20th. CIBC decreased their price objective on shares of Canfor Pulp Products from C$1.25 to C$1.00 in a research note on Monday, March 10th.

Canfor Pulp Products Price Performance

The stock’s 50-day moving average price is C$0.78 and its 200-day moving average price is C$0.85. The company has a market capitalization of C$44.13 million, a price-to-earnings ratio of -0.25, a price-to-earnings-growth ratio of -25.62 and a beta of 1.33. The company has a quick ratio of 0.73, a current ratio of 0.91 and a debt-to-equity ratio of 57.90.

About Canfor Pulp Products

Canfor Pulp Products Inc produces and sells northern bleached softwood kraft pulp, or NBSK pulp and paper. The company also generates and sells electricity from biomass out of its pulp plants in Western Canada. The firm organizes itself into two segments based on product: pulp and paper. The pulp segment generates most of the revenue.