Stella-Jones (OTCMKTS:STLJF) Shares Gap Down – Here’s Why

Shares of Stella-Jones Inc. (OTCMKTS:STLJF) gapped down prior to trading on Thursday . The stock had previously closed at $69.8058, but opened at $65.00. Stella-Jones shares last traded at $66.21, with a volume of 754 shares changing hands.

Wall Street Analyst Weigh In

Separately, Scotiabank upgraded shares of Stella-Jones from a “sector perform” rating to an “outperform” rating in a research report on Thursday, January 29th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Stella-Jones has an average rating of “Buy”.

Stella-Jones Trading Down 1.9%

The company’s 50-day moving average price is $66.23 and its 200-day moving average price is $61.02.

Stella-Jones Company Profile

Stella-Jones Inc is a North American producer and distributor of pressure-treated wood products used in infrastructure, utility and residential applications. The company’s core offerings include treated railroad ties, utility poles, crossarms, landscape timbers and posts designed to withstand environmental stresses and extend service life. These products support a range of end markets from railways and power transmission to fencing and outdoor construction.

Founded in 1970 and headquartered in Montreal, Canada, Stella-Jones has grown through both organic expansion and targeted acquisitions to establish a network of manufacturing and treatment facilities across Canada and the United States.