Conifex Timber (TSE:CFF) Hits New 1-Year Low – Should You Sell?

Conifex Timber Inc. (TSE:CFF) shares reached a new 52-week low on Monday . The company traded as low as C$0.09 and last traded at C$0.09, with a volume of 65169 shares changing hands. The stock had previously closed at C$0.09.

Analysts Set New Price Targets

Separately, Raymond James Financial reduced their price objective on shares of Conifex Timber from C$0.85 to C$0.75 and set a “market perform” rating for the company in a research report on Monday, August 18th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Conifex Timber presently has a consensus rating of “Hold” and an average price target of C$0.75.

Conifex Timber Stock Performance

The company has a fifty day moving average of C$0.20 and a two-hundred day moving average of C$0.27. The firm has a market capitalization of C$3.47 million, a price-to-earnings ratio of -0.10, a PEG ratio of 0.06 and a beta of 1.09. The company has a debt-to-equity ratio of 79.64, a quick ratio of 0.91 and a current ratio of 1.48.

Conifex Timber (TSE:CFF) last released its quarterly earnings results on Friday, November 14th. The company reported C($0.37) EPS for the quarter. Conifex Timber had a negative return on equity of 22.06% and a negative net margin of 17.64%.The business had revenue of C$38.16 million for the quarter. As a group, equities research analysts predict that Conifex Timber Inc. will post 0.0300312 earnings per share for the current fiscal year.

About Conifex Timber

Conifex Timber Inc is a Canada based forestry company. It operates through two segments: Lumber and Bioenergy. The main activities of the lumbar segment include timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value-added lumber finishing. The firm’s primary activities of the bioenergy segment are the generation of electrical power and the development of other opportunities in bioenergy and bioproducts which are complementary to the company’s harvesting and manufacturing operations.