Conifex Timber (TSE:CFF) Trading Down 4.9%

Shares of Conifex Timber Inc. (TSE:CFF) fell 4.9% during mid-day trading on Friday . The company traded as low as C$0.39 and last traded at C$0.39. 19,750 shares traded hands during trading, a decline of 30% from the average session volume of 28,055 shares. The stock had previously closed at C$0.41.

Wall Street Analysts Forecast Growth

Separately, Raymond James cut their price objective on Conifex Timber from C$1.25 to C$0.85 and set an “outperform” rating on the stock in a research report on Wednesday, August 14th.

Conifex Timber Price Performance

The company has a quick ratio of 0.91, a current ratio of 1.85 and a debt-to-equity ratio of 73.11. The company has a market cap of C$15.90 million, a PE ratio of -0.57, a price-to-earnings-growth ratio of 0.06 and a beta of 1.43. The firm has a 50 day simple moving average of C$0.39 and a 200-day simple moving average of C$0.51.

Conifex Timber (TSE:CFF) last released its quarterly earnings results on Tuesday, August 13th. The company reported C($0.22) earnings per share (EPS) for the quarter. Conifex Timber had a negative return on equity of 23.85% and a negative net margin of 18.88%. The firm had revenue of C$31.80 million during the quarter. As a group, research 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.