Canfor (OTCMKTS:CFPZF) Share Price Passes Below 50 Day Moving Average – Time to Sell?

Canfor Co. (OTCMKTS:CFPZFGet Free Report)’s stock price crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $9.81 and traded as low as $9.6350. Canfor shares last traded at $9.6350, with a volume of 16,063 shares changing hands.

Wall Street Analyst Weigh In

Separately, Raymond James Financial upgraded shares of Canfor to a “strong-buy” rating in a research report on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Strong Buy”.

Read Our Latest Report on CFPZF

Canfor Trading Down 6.1%

The business has a 50-day moving average price of $9.81 and a 200-day moving average price of $9.26.

About Canfor

(Get Free Report)

Canfor Corporation is a Canada-based integrated forest products company headquartered in Vancouver, British Columbia. The company’s primary business activities include the manufacturing and distribution of softwood lumber, oriented strand board (OSB), and other wood products used in residential and commercial construction. In addition to its core lumber operations, Canfor produces northern bleached softwood kraft (NBSK) pulp, specialty papers and biofuels through its pulp and paper facilities, providing a vertically integrated offering for customers across multiple end markets.

Canfor operates an extensive network of manufacturing facilities, including lumber mills in British Columbia and Alberta, as well as in the U.S.

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