Canfor (OTCMKTS:CFPZF) stock price breaks below the 200-day moving average of $21.71

Canfor Co. (OTCMKTS: CFPZFGet a rating) the stock fell below its 200-day moving average during Tuesday’s session. The stock has a two hundred day moving average of $21.71 and is trading as low as $18.05. Canfor shares last traded at $18.05, with a volume of 2,580 shares traded in hands.

The CFPZF has been the subject of a number of research analyst reports. TD Securities lowered its target price on Canfor shares from C$41.00 to C$37.00 in a Thursday, March 3, research note. Royal Bank of Canada reduced its price target on Canfor shares from C$48.00 to C$45.00 in a Thursday, March 3 research note.

The company’s 50-day moving average is $19.40 and its 200-day moving average is $21.71.

About Canfor (OTCMKTS: CFPZF)

Canfor Corporation operates as an integrated forest products company in the United States, Asia, Canada, Europe and internationally. It operates through two segments, lumber and pulp and paper. The company manufactures and sells finger-jointed lumber, engineered wood products, wood chips and pellets, and logs, as well as custom specialty products, including strength-rated trusses, beams and lumber. tongue and groove; and generates green energy.

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