Acadian Timber (TSE:ADN) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Shares of Acadian Timber Corp. (TSE:ADNGet Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$16.31 and traded as high as C$16.98. Acadian Timber shares last traded at C$16.79, with a volume of 7,706 shares traded.

Wall Street Analysts Forecast Growth

ADN has been the topic of a number of recent research reports. Raymond James Financial dropped their price target on Acadian Timber from C$20.00 to C$18.50 and set an “outperform” rating on the stock in a research report on Thursday, October 30th. Royal Bank Of Canada reduced their price target on Acadian Timber from C$18.00 to C$17.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$17.75.

Get Our Latest Stock Report on Acadian Timber

Acadian Timber Stock Performance

The company has a quick ratio of 1.04, a current ratio of 0.43 and a debt-to-equity ratio of 32.89. The firm has a 50-day moving average of C$16.30 and a two-hundred day moving average of C$16.31. The company has a market capitalization of C$307.04 million, a PE ratio of 6.22, a PEG ratio of -4.84 and a beta of 0.34.

Acadian Timber (TSE:ADNGet Free Report) last released its quarterly earnings results on Wednesday, February 11th. The company reported C$2.18 EPS for the quarter. Acadian Timber had a net margin of 23.17% and a return on equity of 8.55%. The company had revenue of C$21.98 million for the quarter. Research analysts anticipate that Acadian Timber Corp. will post 1.0095345 EPS for the current year.

Acadian Timber Company Profile

(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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