Conifex Timber (TSE:CFF) Stock Price Down 2.4%

Conifex Timber Inc. (TSE:CFF) shares were down 2.4% on Wednesday . The stock traded as low as C$0.38 and last traded at C$0.40. Approximately 17,000 shares changed hands during trading, a decline of 21% from the average daily volume of 21,399 shares. The stock had previously closed at C$0.41.

Analysts Set New Price Targets

Separately, Raymond James increased their target price on shares of Conifex Timber from C$1.25 to C$1.50 and gave the stock an “outperform” rating in a research note on Tuesday, July 23rd.

Conifex Timber Stock Performance

The company has a debt-to-equity ratio of 55.61, a current ratio of 1.31 and a quick ratio of 0.91. The stock has a market cap of C$12.73 million, a price-to-earnings ratio of -0.53, a P/E/G ratio of 0.06 and a beta of 1.43. The stock’s 50-day moving average is C$0.42 and its 200 day moving average is C$0.58.

Conifex Timber (TSE:CFF) last announced its quarterly earnings data on Thursday, May 9th. The company reported C($0.11) EPS for the quarter. The firm had revenue of C$40.70 million during the quarter. Conifex Timber had a negative net margin of 19.10% and a negative return on equity of 21.65%. As a group, analysts predict that Conifex Timber Inc. will post 0.0300312 earnings per share for the current fiscal year.

Conifex Timber Company Profile

Conifex Timber Inc primarily manufactures and sells lumber products in the United States, Canada, Japan, and internationally. It is involved in the timber harvesting, reforestation, and forest management activities; manufacture of finished softwood lumber from spruce, pine, and fir logs; manufacture, sale, and distribution of dimension lumber; processing logs into lumber and wood chips, as well as residual products, such as wood chips, trim blocks, sawdust, shavings, and barks; and providing value added lumber finishing services.