Canfor Pulp Products (TSE:CFX) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Canfor Pulp Products Inc. (TSE:CFX) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$0.50 and traded as high as C$0.64. Canfor Pulp Products shares last traded at C$0.63, with a volume of 41,600 shares changing hands.

Analysts Set New Price Targets

Several brokerages have weighed in on CFX. Royal Bank Of Canada upped their price objective on shares of Canfor Pulp Products from C$0.40 to C$0.50 and gave the stock a “sector perform” rating in a research note on Thursday, December 18th. Raymond James Financial lowered Canfor Pulp Products from a “moderate buy” rating to a “hold” rating and decreased their price target for the stock from C$0.75 to C$0.50 in a research report on Wednesday, January 14th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Canfor Pulp Products currently has an average rating of “Hold” and an average target price of C$0.58.

Canfor Pulp Products Stock Performance

The company has a current ratio of 0.91, a quick ratio of 0.73 and a debt-to-equity ratio of 57.90. The company has a market cap of C$41.10 million, a price-to-earnings ratio of -3.94, a P/E/G ratio of -25.62 and a beta of 0.18. The stock has a 50 day moving average price of C$0.57 and a two-hundred day moving average price of C$0.50.

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. Canfor Pulp’s NBSK pulp customers are typically manufacturers of tissue paper, specialty paper, and printing and writing paper. Most of Canfor Pulp’s revenue comes from Asia.