Timbercreek Financial (TSE:TF) Sets New 12-Month Low – Here’s What Happened

Timbercreek Financial Corp. (TSE:TF)’s stock price hit a new 52-week low on Monday . The company traded as low as C$6.54 and last traded at C$6.71, with a volume of 52820 shares trading hands. The stock had previously closed at C$6.92.

Analyst Ratings Changes

Separately, National Bankshares lifted their price objective on Timbercreek Financial from C$8.00 to C$8.50 and gave the company a “sector perform” rating in a report on Wednesday, October 30th.

Timbercreek Financial Price Performance

The company has a current ratio of 7.36, a quick ratio of 145.00 and a debt-to-equity ratio of 132.31. The company has a market capitalization of C$563.64 million, a price-to-earnings ratio of 9.30 and a beta of 1.23. The company has a 50 day moving average price of C$7.18 and a 200 day moving average price of C$7.63.

About Timbercreek Financial

Timbercreek Financial Corp. provides shorter-duration structured financing solutions to commercial real estate investors in Canada. It focuses on lending against income-producing real estate properties, such as multi-residential, office, and retail buildings in urban markets. The company was founded in 2016 and is headquartered in Toronto, Canada.