Acadian Timber (TSE:ADN) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Acadian Timber Corp. (TSE:ADN) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$17.50 and traded as high as C$18.30. Acadian Timber shares last traded at C$18.18, with a volume of 506 shares trading hands.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada reduced their target price on shares of Acadian Timber from C$21.00 to C$19.00 and set a “sector perform” rating on the stock in a research note on Tuesday, April 22nd.

Acadian Timber Trading Down 0.4%

The stock’s fifty day moving average price is C$17.37 and its 200 day moving average price is C$17.50. The company has a debt-to-equity ratio of 32.89, a current ratio of 0.43 and a quick ratio of 1.04. The stock has a market capitalization of C$321.79 million, a P/E ratio of 11.40, a PEG ratio of -4.84 and a beta of 0.87.

Acadian Timber Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 6.38%. The ex-dividend date of this dividend was Monday, March 31st. Acadian Timber’s payout ratio is presently 72.71%.

Acadian Timber Company Profile

Acadian Timber Corp is a Canada-based supplier of primary forest products in Eastern Canada and the Northeastern United States. The company’s operating segments include NB Timberlands and Maine Timberlands. It generates maximum revenue from the NB Timberlands segment. The company’s product includes softwood and hardwood sawlogs, pulpwood and biomass by-products.