Acadian Timber Corp. (TSE:ADN – Get Free Report)’s share price passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of C$17.37 and traded as high as C$17.50. Acadian Timber shares last traded at C$17.23, with a volume of 2,880 shares changing hands.
Acadian Timber Stock Down 0.7%
The company has a debt-to-equity ratio of 32.25, a current ratio of 0.20 and a quick ratio of 1.04. The firm’s 50-day moving average is C$17.25 and its 200 day moving average is C$17.36. The stock has a market cap of C$321.34 million, a price-to-earnings ratio of 6.56, a price-to-earnings-growth ratio of -4.84 and a beta of 0.34.
Acadian Timber (TSE:ADN – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported C$0.07 earnings per share for the quarter. The company had revenue of C$14.56 million for the quarter. Acadian Timber had a net margin of 57.17% and a return on equity of 13.35%. Sell-side analysts anticipate that Acadian Timber Corp. will post 1.01 earnings per share for the current fiscal year.
About Acadian Timber
Acadian Timber Corp. (‘Acadian’) is one of the largest timberland owners in Eastern Canada and the Northeastern U.S. We own and manage 775,000 acres of freehold timberlands in New Brunswick and approximately 300,000 acres of freehold timberlands in Maine. Acadian also provides timber services relating to 1.3 million acres of Crown licensed timberlands in New Brunswick. Our primary business is the production of softwood and hardwood sawlogs, pulpwood, and biomass by-products, sold to approximately 85 regional customers.
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