GreenFirst Forest Products (TSE:GFP) Reaches New 12-Month High – What’s Next?

Shares of GreenFirst Forest Products Inc. (TSE:GFP) reached a new 52-week high during trading on Wednesday . The company traded as high as C$730.00 and last traded at C$720.00, with a volume of 19 shares changing hands. The stock had previously closed at C$720.00.

GreenFirst Forest Products Stock Performance

The firm’s fifty day simple moving average is C$0.62 and its 200 day simple moving average is C$0.56. The company has a market capitalization of C$1.46 billion, a price-to-earnings ratio of -25.15 and a beta of 1.17. The company has a debt-to-equity ratio of 33.15, a current ratio of 2.03 and a quick ratio of 1.06.

GreenFirst Forest Products (TSE:GFP) last posted its quarterly earnings data on Monday, August 12th. The company reported C($0.08) EPS for the quarter. GreenFirst Forest Products had a negative return on equity of 26.52% and a negative net margin of 12.12%. The firm had revenue of C$94.38 million during the quarter. On average, sell-side analysts forecast that GreenFirst Forest Products Inc. will post 0.05 EPS for the current year.

About GreenFirst Forest Products

GreenFirst Forest Products Inc engages in the manufacture and sale of forest products in Canada, and the United States. It operates in two segments, Forest Products and Paper Products. The Forest Products segment manufactures and markets a range of spruce-pine-fir lumber, wood chips, and other by-products for use in residential and multi-family homes, light industrial and commercial facilities, and the home repair and remodel markets.