Conifex Timber (CFF) Reaches New 52-Week Low at $2.43

Conifex Timber Inc (TSE:CFF) hit a new 52-week low during trading on Friday . The stock traded as low as C$2.43 and last traded at C$2.63, with a volume of 292865 shares traded. The stock had previously closed at C$2.78.

CFF has been the subject of several research analyst reports. TD Securities dropped their price target on Conifex Timber from C$7.00 to C$6.00 and set a “hold” rating for the company in a research note on Monday, August 13th. CIBC dropped their price target on Conifex Timber from C$5.50 to C$5.00 in a research note on Monday, October 15th.

The company has a current ratio of 2.64, a quick ratio of 1.02 and a debt-to-equity ratio of 92.38.

Conifex Timber (TSE:CFF) last posted its earnings results on Thursday, November 8th. The company reported C$0.14 earnings per share (EPS) for the quarter. The company had revenue of C$182.14 million during the quarter. On average, sell-side analysts predict that Conifex Timber Inc will post 0.919999984608365 EPS for the current year.

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About Conifex Timber (TSE:CFF)

Conifex Timber Inc primarily manufactures and sells lumber products in the United States, China, Canada, and Japan. It operates through two segments, Lumber and Bioenergy. The Lumber segment is involved in timber harvesting, reforestation, and forest management activities; processing logs into lumber and wood chips; and providing value added lumber finishing services.

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