Interfor (TSE:IFP) Shares Cross Below Two Hundred Day Moving Average of $36.27

Interfor Co. (TSE:IFP – Get Rating)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$36.27 and traded as low as C$24.78. Interfor shares last traded at C$25.22, with a volume of 349,945 shares changing hands.

A number of research analysts have commented on the company. CIBC boosted their price objective on Interfor from C$42.00 to C$45.00 and gave the stock an “outperform” rating in a research note on Monday, May 16th. Royal Bank of Canada lowered their price objective on Interfor from C$50.00 to C$45.00 in a report on Thursday, April 7th.

The business has a 50-day moving average price of C$33.56 and a 200 day moving average price of C$36.27. The company has a current ratio of 1.98, a quick ratio of 0.85 and a debt-to-equity ratio of 24.83. The company has a market cap of C$1.38 billion and a price-to-earnings ratio of 1.65.

Interfor (TSE:IFP – Get Rating) last announced its quarterly earnings data on Wednesday, May 11th. The company reported C$6.61 earnings per share (EPS) for the quarter, missing the consensus estimate of C$7.38 by C($0.77). The company had revenue of C$1.35 billion during the quarter. On average, analysts anticipate that Interfor Co. will post 6.0799998 earnings per share for the current year.

In other news, Senior Officer Richard Pozzebon bought 3,000 shares of the firm’s stock in a transaction that occurred on Monday, May 16th. The shares were acquired at an average cost of C$33.37 per share, with a total value of C$100,110.00. Following the completion of the transaction, the insider now directly owns 10,146 shares in the company, valued at C$338,572.02.

Interfor Company Profile (TSE:IFP)

Interfor Corporation, together with its subsidiaries, produces and sells wood products in Canada, the United States, Japan, China, Taiwan, and internationally. The company offers lumber products for decking, fascia and trims, framings, furniture, industrial packaging, Japan Zairai, millworks, paneling, sidings, trusses, and windows and doors.

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