Timbercreek Financial (TSE:TF) Sets New 52-Week Low – Here’s What Happened

Timbercreek Financial Corp. (TSE:TF)’s share price hit a new 52-week low on Monday . The stock traded as low as C$6.54 and last traded at C$6.71, with a volume of 52820 shares changing hands. The stock had previously closed at C$6.92.

Wall Street Analysts Forecast Growth

Separately, National Bankshares increased their price target on Timbercreek Financial from C$8.00 to C$8.50 and gave the stock a “sector perform” rating in a research note on Wednesday, October 30th.

Timbercreek Financial Stock Performance

The company has a debt-to-equity ratio of 132.31, a current ratio of 7.36 and a quick ratio of 145.00. The company has a fifty day moving average of C$7.20 and a 200 day moving average of C$7.63. The stock has a market cap of C$554.51 million, a P/E ratio of 9.15 and a beta of 1.23.

Timbercreek Financial Company Profile

Timbercreek Financial Corp. provides shorter-duration structured financing solutions to commercial real estate investors in Canada. It focuses on lending against income-producing real estate properties, such as multi-residential, office, and retail buildings in urban markets. The company was founded in 2016 and is headquartered in Toronto, Canada.