Interfor (TSE:IFP) Stock Price Crosses Below 200-Day Moving Average - Time to Sell?

Key Points

• Interfor's stock price fell below its 200-day moving average, reaching a low of C$12.46 before closing at C$12.67.
• Scotiabank and Raymond James Financial have downgraded their target prices for Interfor, reflecting a cautious outlook with consensus ratings leaning towards "Hold."
• Interfor's financials show a debt-to-equity ratio of 61.24 and a market capitalization of C$651.92 million, indicating a challenging financial position.

Interfor Co. (TSE:IFP - Get Free Report)'s share price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$13.76 and traded as low as C$12.46. Interfor shares last traded at C$12.67, with a volume of 139,921 shares.

Analyst Upgrades and Downgrades

Several research firms recently commented on IFP. Raymond James Financial lowered shares of Interfor from a "strong-buy" rating to a "moderate buy" rating and cut their target price for the company from C$22.00 to C$19.00 in a research note on Tuesday, July 22nd. Scotiabank reduced their target price on shares of Interfor from C$20.00 to C$18.00 and set a "sector perform" rating for the company in a research note on Monday, August 11th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of C$18.20.

Interfor Stock Up 1.0%

The firm has a market capitalization of C$688.45 million, a price-to-earnings ratio of -3.83 and a beta of 2.65. The stock has a 50 day moving average of C$12.87 and a 200 day moving average of C$13.65. The company has a quick ratio of 1.15, a current ratio of 1.69 and a debt-to-equity ratio of 61.24.

Interfor Company Profile

Interfor Corporation, together with its subsidiaries, produces and sells wood products in Canada, the United States, Japan, China, Taiwan, and internationally. It offers decking, fascia and board, framing, v-joint paneling, fineline paneling, and siding products, as well as appearance, structural, studs, timbers, and machine stress related products.