GreenFirst Forest Products (TSE:GFP) Stock Price Down 2.1% – What’s Next?

GreenFirst Forest Products Inc. (TSE:GFP) dropped 2.1% during mid-day trading on Wednesday . The stock traded as low as C$1.89 and last traded at C$1.90. 1,966 shares were traded during trading, a decline of 70% from the average session volume of 6,511 shares. The stock had previously closed at C$1.94.

GreenFirst Forest Products Trading Up 1.5%

The company has a market cap of C$45.83 million, a PE ratio of -0.38 and a beta of 1.44. The company has a debt-to-equity ratio of 183.88, a current ratio of 1.79 and a quick ratio of 1.06. The company has a 50-day moving average of C$2.01 and a 200 day moving average of C$2.17.

GreenFirst Forest Products (TSE:GFP) last issued its quarterly earnings data on Tuesday, May 5th. The company reported C($0.89) earnings per share (EPS) for the quarter. The company had revenue of C$60.62 million for the quarter. GreenFirst Forest Products had a negative net margin of 41.20% and a negative return on equity of 149.94%. Analysts predict that GreenFirst Forest Products Inc. will post 0.05 earnings per share for the current year.

About GreenFirst Forest Products

GreenFirst Forest Products is a forest-first business, focused on sustainable forest management and lumber production. The Company owns four sawmills located in rich wood baskets proudly operating over six million hectares of FSC® certified public Ontario forest lands (FSC®-C167905). The Company believes that responsible forest practices, coupled with the long-term green advantage of lumber, provide GreenFirst with significant cyclical and secular advantages in building products.