Acumen Capital reaffirmed their buy rating on shares of Hardwoods Distribution Inc (TSE:HWD) in a report released on Tuesday. Acumen Capital currently has a C$22.75 price target on the stock.

Shares of Hardwoods Distribution (TSE:HWD) opened at 18.89 on Tuesday. The stock’s 50 day moving average price is $18.87 and its 200 day moving average price is $17.50. Hardwoods Distribution has a one year low of $15.06 and a one year high of $19.72. The firm has a market cap of $402.51 million and a price-to-earnings ratio of 15.61.

About Hardwoods Distribution

Hardwoods Distribution Inc is a Canada-based company engaged in the wholesale distribution of hardwood lumber and related sheet good and specialty products. The Company operates through its Canada and United States segments. The Company, through its subsidiaries, is engaged in operating a network of over 30 distribution centers in Canada and the United States.

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