Canfor Pulp Products (TSE:CFX) Hits New 12-Month Low – What’s Next?

Canfor Pulp Products Inc. (TSE:CFX) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as C$0.66 and last traded at C$0.68, with a volume of 8501 shares traded. The stock had previously closed at C$0.70.

Analyst Upgrades and Downgrades

Separately, CIBC cut their price objective on shares of Canfor Pulp Products from C$1.25 to C$1.00 in a research report on Monday, March 10th.

Canfor Pulp Products Price Performance

The company’s fifty day simple moving average is C$0.73 and its 200-day simple moving average is C$0.81. The stock has a market cap of C$45.47 million, a P/E ratio of -0.26, a price-to-earnings-growth ratio of -25.62 and a beta of 1.33. The company has a current ratio of 0.91, a quick ratio of 0.73 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.