GreenFirst Forest Products (TSE:GFP) Hits New 52-Week Low – Should You Sell?

GreenFirst Forest Products Inc. (TSE:GFP – Get Free Report) shares hit a new 52-week low on Monday. The company traded as low as C$1.30 and last traded at C$1.30, with a volume of 1,507 shares. The stock had previously closed at C$1.37.

GreenFirst Forest Products Stock Down 5.1%

The company’s fifty day moving average price is C$1.66 and its 200-day moving average price is C$2.03. The stock has a market capitalization of C$30.11 million, a PE ratio of -0.28 and a beta of 1.68. The company has a quick ratio of 1.06, a current ratio of 2.11 and a debt-to-equity ratio of 149.36.

GreenFirst Forest Products (TSE:GFP – Get Free Report) last issued its quarterly earnings results 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 return on equity of 184.29% and a negative net margin of 34.66%. Analysts forecast that GreenFirst Forest Products Inc. will post 0.05 earnings per share for the current year.

About GreenFirst Forest Products

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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 FSCĀ® certified public Ontario forest lands (FSCĀ®-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.

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