Interfor (OTCMKTS:IFSPF) Trading Down 0.7% – Time to Sell?

Interfor Co. (OTCMKTS:IFSPF)’s share price dropped 0.7% during trading on Thursday . The stock traded as low as $9.5470 and last traded at $9.7665. Approximately 29,730 shares were traded during mid-day trading, an increase of 5% from the average daily volume of 28,323 shares. The stock had previously closed at $9.84.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Scotiabank reissued an “outperform” rating on shares of Interfor in a research report on Monday, August 10th. TD Securities reaffirmed a “hold” rating on shares of Interfor in a research report on Tuesday, May 19th. BMO Capital Markets reissued an “outperform” rating on shares of Interfor in a research note on Thursday, August 13th. Finally, Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Interfor in a report on Tuesday, July 21st. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Interfor Price Performance

The firm has a 50-day simple moving average of $9.59 and a two-hundred day simple moving average of $8.11.

About Interfor

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.