The Executive Vice-President – Operations of Interfor (Other OTC: IFSPF) is Selling Shares

Yesterday, the Executive Vice-President – Operations of Interfor (IFSPFResearch Report), Simon Bruce Luxmoore, sold shares of IFSPF for $110.7K.

Following Simon Bruce Luxmoore’s last IFSPF Sell transaction on July 02, 2020, the stock climbed by 15.8%. This is Luxmoore’s first Sell trade following 6 Buy transactions.

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Based on Interfor’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $849 million and quarterly net profit of $264 million. In comparison, last year the company earned revenue of $480 million and had a net profit of $6.31 million. The company has a one-year high of $39.00 and a one-year low of $6.79. Currently, Interfor has an average volume of 17.92K.

Based on 6 analyst ratings, the analyst consensus is Strong Buy with an average price target of $40.57, reflecting a -40.0% downside.

The insider sentiment on Interfor has been positive according to 13 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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Interfor Corp. engages in the manufacture of wood products. It harvests and purchases logs which are sorted by species, size, and quality. Its products include appearance timbers, decking, framing, furniture, industial packaging, paneling, windows, and doors. The company was founded on May 6, 1963 and is headquartered in Vancouver, Canada.