GreenFirst Forest Products (TSE:GFP) Hits New 12-Month Low – Time to Sell?

GreenFirst Forest Products Inc. (TSE:GFP – Get Free Report) shares reached a new 52-week low during trading 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 Down 5.6%

The firm’s 50-day moving average is C$1.90 and its two-hundred day moving average is C$2.04. The company has a debt-to-equity ratio of 149.36, a quick ratio of 1.06 and a current ratio of 2.11. The stock has a market cap of C$39.38 million, a P/E ratio of -0.37 and a beta of 1.58.

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

GreenFirst Forest Products Company Profile

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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 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.

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