Doman Building Materials Group (OTCMKTS:CWXZF) Stock Price Up 1.7% – Here’s Why

Doman Building Materials Group Ltd. (OTCMKTS:CWXZF) shares were up 1.7% during mid-day trading on Thursday . The stock traded as high as $6.43 and last traded at $6.43. Approximately 6,651 shares changed hands during trading, a decline of 47% from the average daily volume of 12,555 shares. The stock had previously closed at $6.32.

Analysts Set New Price Targets

Several research firms recently issued reports on CWXZF. TD Securities assumed coverage on Doman Building Materials Group in a report on Tuesday, March 25th. They issued a “buy” rating on the stock. National Bankshares reissued an “outperform” rating on shares of Doman Building Materials Group in a research note on Monday, May 12th. Finally, CIBC restated a “neutral” rating on shares of Doman Building Materials Group in a research report on Tuesday, May 13th.

Doman Building Materials Group Trading Up 1.7%

The business’s 50-day moving average price is $5.83 and its two-hundred day moving average price is $5.52.

About Doman Building Materials Group

Doman Building Materials Group Ltd., through its subsidiaries, engages in the wholesale distribution of building materials and home renovation products in the United States and Canada. The company offers treated wood; siding and trim; decking and aluminum railing; engineered wood products; roofing products; insulation and wrap products; and lumber and plywood products.