GreenFirst Forest Products (TSE:GFP) Shares Down 1.1% – What’s Next?

GreenFirst Forest Products Inc. (TSE:GFP)’s share price dropped 1.1% during mid-day trading on Monday . The stock traded as low as C$4.31 and last traded at C$4.60. Approximately 2,892 shares were traded during mid-day trading, a decline of 62% from the average daily volume of 7,592 shares. The stock had previously closed at C$4.65.

GreenFirst Forest Products Stock Performance

The company has a current ratio of 2.03, a quick ratio of 1.06 and a debt-to-equity ratio of 33.15. The company has a market cap of C$816.82 million, a P/E ratio of -1.77 and a beta of 1.17. The business’s 50 day simple moving average is C$5.37 and its 200 day simple moving average is C$3.48.

GreenFirst Forest Products (TSE:GFP) last announced its quarterly earnings data on Tuesday, November 12th. The company reported C$0.08 EPS for the quarter. GreenFirst Forest Products had a negative net margin of 12.12% and a negative return on equity of 26.52%. Sell-side analysts predict that GreenFirst Forest Products Inc. will post 0.05 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Michael Clark Mitchell bought 10,000 shares of the stock in a transaction dated Thursday, December 5th. The shares were purchased at an average price of C$5.54 per share, with a total value of C$55,413.00. 32.02% of the stock is currently owned by company insiders.

GreenFirst Forest Products Company Profile

GreenFirst Forest Products Inc engages in the manufacture and sale of forest products in Canada, and the United States. It operates in two segments, Forest Products and Paper Products. The Forest Products segment manufactures and markets a range of spruce-pine-fir lumber, wood chips, and other by-products for use in residential and multi-family homes, light industrial and commercial facilities, and the home repair and remodel markets.