Interfor (OTCMKTS:IFSPF) Shares Down 0.7% – Time to Sell?

Shares of Interfor Co. (OTCMKTS:IFSPF) traded down 0.7% on Thursday . The stock traded as low as $9.5470 and last traded at $9.7665. Approximately 29,730 shares were traded during trading, an increase of 5% from the average daily volume of 28,323 shares. The stock had previously closed at $9.84.

Wall Street Analyst Weigh In

IFSPF has been the subject of a number of research reports. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Interfor in a report on Tuesday, July 21st. BMO Capital Markets reaffirmed an “outperform” rating on shares of Interfor in a research note on Thursday, August 13th. Scotiabank reissued an “outperform” rating on shares of Interfor in a research report on Monday, August 10th. Finally, TD Securities restated a “hold” rating on shares of Interfor in a report on Tuesday, May 19th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Interfor Price Performance

The stock has a 50 day simple moving average of $9.62 and a two-hundred day simple moving average of $8.12.

About Interfor

Interfor Corporation is a leading global manufacturer of wood products, headquartered in Vancouver, British Columbia. The company operates a network of sawmills across Canada and the United States, producing a wide range of softwood lumber items for residential, commercial and industrial construction. Interfor’s product portfolio includes dimension lumber, timbers, boards and specialty wood products designed to meet the needs of building material distributors, home center retail channels and industrial end-users.

Interfor’s operations span premier timber-growing regions in British Columbia, Alberta, Washington State and Oregon.