Interfor (OTCMKTS:IFSPF) Trading 1.6% Higher – Here’s Why

Interfor Co. (OTCMKTS:IFSPF)’s stock price traded up 1.6% during trading on Thursday . The stock traded as high as $7.73 and last traded at $7.6865. 3,631 shares were traded during trading, a decline of 88% from the average session volume of 30,033 shares. The stock had previously closed at $7.5620.

Analyst Ratings Changes

A number of equities analysts have weighed in on IFSPF shares. Scotiabank reaffirmed an “outperform” rating on shares of Interfor in a research note on Tuesday, February 17th. TD Securities restated a “hold” rating on shares of Interfor in a research note on Tuesday, May 19th. Raymond James Financial lowered Interfor from a “strong-buy” rating to an “outperform” rating in a research report on Thursday, April 23rd. Royal Bank Of Canada reiterated an “outperform” rating on shares of Interfor in a research note on Tuesday, February 17th. Finally, Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Interfor in a report on Tuesday, May 19th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Interfor has a consensus rating of “Moderate Buy”.

Interfor Stock Up 3.5%

The firm’s 50 day moving average price is $7.12 and its 200-day moving average price is $6.84.

Interfor Company Profile

Interfor Corporation is a leading global manufacturer of wood products, headquartered in Vancouver, British Columbia. The company operates a network of sawmills across Canada and the United States, producing a wide range of softwood lumber items for residential, commercial and industrial construction. Interfor’s product portfolio includes dimension lumber, timbers, boards and specialty wood products designed to meet the needs of building material distributors, home center retail channels and industrial end-users.

Interfor’s operations span premier timber-growing regions in British Columbia, Alberta, Washington State and Oregon.