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

Acadian Timber Corp. (TSE:ADN)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$16.18 and traded as high as C$16.99. Acadian Timber shares last traded at C$16.84, with a volume of 5,630 shares trading hands.

Acadian Timber Stock Down 0.2%

The company has a debt-to-equity ratio of 30.77, a quick ratio of 1.04 and a current ratio of 0.87. The firm has a fifty day simple moving average of C$16.68 and a 200-day simple moving average of C$16.18. The firm has a market cap of C$310.80 million, a price-to-earnings ratio of 6.24, a P/E/G ratio of -4.84 and a beta of 0.33.

Acadian Timber (TSE:ADN) last issued its quarterly earnings data on Wednesday, February 11th. The company reported C$2.18 earnings per share (EPS) for the quarter. The company had revenue of C$21.98 million during the quarter. Acadian Timber had a return on equity of 14.25% and a net margin of 56.32%. As a group, sell-side analysts expect that Acadian Timber Corp. will post 1.0095345 EPS for the current year.

Acadian Timber Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 15th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.16 dividend on an annualized basis and a dividend yield of 6.9%. Acadian Timber’s dividend payout ratio (DPR) is currently 42.96%.

About Acadian Timber

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.