GreenFirst Forest Products (TSE:GFP) Hits New 1-Year Low – Should You Sell?

GreenFirst Forest Products Inc. (TSE:GFP)’s share price hit a new 52-week low during trading on Thursday. The stock traded as low as C$1.40 and last traded at C$1.49, with a volume of 10,600 shares. The stock had previously closed at C$1.54.

GreenFirst Forest Products Stock Up 1.3%

The stock’s fifty day simple moving average is C$1.83 and its two-hundred day simple moving average is C$1.97. The company has a market capitalization of C$34.98 million, a price-to-earnings ratio of -0.33 and a beta of 1.67. The company has a debt-to-equity ratio of 149.36, a quick ratio of 1.06 and a current ratio of 2.11.

GreenFirst Forest Products (TSE:GFP) last released its earnings results on Tuesday, August 11th. The company reported C$0.24 EPS for the quarter. GreenFirst Forest Products had a negative net margin of 34.66% and a negative return on equity of 184.29%. The business had revenue of C$96.10 million for the quarter. On average, sell-side analysts anticipate that GreenFirst Forest Products Inc. will post 0.05 EPS for the current year.

GreenFirst Forest Products Company Profile

GreenFirst Forest Products is a forest-first business, focused on sustainable forest management and lumber production. The Company owns four sawmills located in rich wood baskets proudly operating over six million hectares of FSC® certified public Ontario forest lands (FSC®-C167905). The Company believes that responsible forest practices, coupled with the long-term green advantage of lumber, provide GreenFirst with significant cyclical and secular advantages in building products.