Canfor (OTCMKTS:CFPZF) Stock Crosses Below 200 Day Moving Average – Here’s What Happened

Canfor Co. (OTCMKTS:CFPZF)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $9.36 and traded as low as $8.85. Canfor shares last traded at $8.8540, with a volume of 27,418 shares changing hands.

Analyst Ratings Changes

Several equities research analysts recently issued reports on CFPZF shares. Royal Bank Of Canada downgraded shares of Canfor to a “sector perform” rating in a research note on Thursday, April 16th. Raymond James Financial downgraded shares of Canfor from a “strong-buy” rating to an “outperform” rating in a research note on Thursday, April 23rd. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

Canfor Trading Down 0.5%

The company’s fifty day moving average price is $9.47 and its 200 day moving average price is $9.36.

Canfor Company Profile

Canfor Corporation is a Canada-based integrated forest products company headquartered in Vancouver, British Columbia. The company’s primary business activities include the manufacturing and distribution of softwood lumber, oriented strand board (OSB), and other wood products used in residential and commercial construction. In addition to its core lumber operations, Canfor produces northern bleached softwood kraft (NBSK) pulp, specialty papers and biofuels through its pulp and paper facilities, providing a vertically integrated offering for customers across multiple end markets.

Canfor operates an extensive network of manufacturing facilities, including lumber mills in British Columbia and Alberta, as well as in the U.S.