Canfor Pulp Products (TSE:CFX) Shares Down 15.4% – What’s Next?

Canfor Pulp Products Inc. (TSE:CFX)’s stock price fell 15.4% on Thursday . The stock traded as low as C$0.33 and last traded at C$0.33. 83,266 shares changed hands during trading, an increase of 246% from the average session volume of 24,050 shares. The stock had previously closed at C$0.39.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CFX. Royal Bank Of Canada decreased their price objective on Canfor Pulp Products from C$0.50 to C$0.40 and set a “sector perform” rating for the company in a research report on Friday. Raymond James Financial dropped their price objective on shares of Canfor Pulp Products from C$1.00 to C$0.75 and set an “outperform” rating on the stock in a report on Wednesday, October 15th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Canfor Pulp Products presently has an average rating of “Hold” and an average price target of C$0.63.

Canfor Pulp Products Stock Up 1.5%

The firm’s 50-day simple moving average is C$0.43 and its 200 day simple moving average is C$0.60. The company has a debt-to-equity ratio of 57.90, a quick ratio of 0.73 and a current ratio of 0.91. The stock has a market capitalization of C$22.18 million, a P/E ratio of -0.14, a PEG ratio of -25.62 and a beta of -0.09.

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.