Acadian Timber (TSE:ADN) Stock Passes Above 200 Day Moving Average – Here’s Why

Acadian Timber Corp. (TSE:ADN – Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$16.81 and traded as high as C$18.00. Acadian Timber shares last traded at C$17.90, with a volume of 4,950 shares.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada raised their price objective on Acadian Timber from C$17.00 to C$18.00 and gave the company a “sector perform” rating in a report on Thursday, April 16th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Acadian Timber presently has a consensus rating of “Moderate Buy” and an average target price of C$18.25.

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Acadian Timber Trading Up 0.5%

The firm’s 50-day simple moving average is C$17.38 and its 200-day simple moving average is C$16.83. The firm has a market capitalization of C$327.59 million, a PE ratio of 6.62, a price-to-earnings-growth ratio of -4.84 and a beta of 0.38. The company has a quick ratio of 1.04, a current ratio of 0.85 and a debt-to-equity ratio of 30.96.

Acadian Timber (TSE:ADN – Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The company reported C$0.19 EPS for the quarter. Acadian Timber had a return on equity of 13.97% and a net margin of 57.04%.The firm had revenue of C$23.41 million for the quarter. Equities analysts expect that Acadian Timber Corp. will post 1.0095345 earnings per share for the current year.

Acadian Timber Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 15th were given a $0.29 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $1.16 annualized dividend and a yield of 6.5%. Acadian Timber’s payout ratio is presently 43.28%.

About Acadian Timber

(Get Free Report)

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.

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