Interfor (OTCMKTS:IFSPF) Trading Down 2.3% – Time to Sell?

Interfor Co. (OTCMKTS:IFSPF)’s stock price was down 2.3% during trading on Friday . The stock traded as low as $7.42 and last traded at $7.49. Approximately 43,609 shares were traded during mid-day trading, an increase of 33% from the average daily volume of 32,718 shares. The stock had previously closed at $7.67.

Analysts Set New Price Targets

IFSPF has been the topic of a number of recent research reports. Royal Bank Of Canada reiterated an “outperform” rating on shares of Interfor in a research note on Tuesday. Raymond James Financial upgraded Interfor from an “outperform” rating to a “strong-buy” rating in a research report on Wednesday, January 14th. Scotiabank reissued an “outperform” rating on shares of Interfor in a report on Tuesday. TD Securities restated a “hold” rating on shares of Interfor in a research note on Tuesday. Finally, Canadian Imperial Bank of Commerce lowered shares of Interfor from a “neutral” rating to an “underperform” rating in a research report on Tuesday, December 9th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.

Interfor Trading Down 2.3%

The stock’s fifty day moving average price is $7.14 and its two-hundred day moving average price is $7.23.

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.