Interfor (OTCMKTS:IFSPF) Stock Price Down 1.6% – Time to Sell?

Shares of Interfor Co. (OTCMKTS:IFSPF) were down 1.6% on Friday . The stock traded as low as $6.39 and last traded at $6.45. Approximately 10,660 shares were traded during mid-day trading, a decline of 66% from the average daily volume of 31,266 shares. The stock had previously closed at $6.5520.

Wall Street Analysts Forecast Growth

IFSPF has been the topic of several recent research reports. Canadian Imperial Bank of Commerce cut Interfor from a “neutral” rating to an “underperform” rating in a research report on Tuesday, December 9th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Interfor in a research note on Tuesday, February 17th. Raymond James Financial raised Interfor from an “outperform” rating to a “strong-buy” rating in a report on Wednesday, January 14th. Scotiabank restated an “outperform” rating on shares of Interfor in a research report on Tuesday, February 17th. Finally, TD Securities reissued a “hold” rating on shares of Interfor in a report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Interfor Trading Down 1.6%

The stock has a 50-day simple moving average of $7.37 and a 200 day simple moving average of $7.00.

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.