Acadian Timber (TSE:ADN) Stock Price Crosses Above 200-Day Moving Average – Should You Sell?

Acadian Timber Corp. (TSE:ADN) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$16.16 and traded as high as C$17.27. Acadian Timber shares last traded at C$17.07, with a volume of 9,985 shares trading hands.

Acadian Timber Stock Performance

The company’s fifty day moving average price is C$16.78 and its two-hundred day moving average price is C$16.16. 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 market capitalization of C$315.04 million, a PE ratio of 6.32, a price-to-earnings-growth ratio of -4.84 and a beta of 0.33.

Acadian Timber (TSE:ADN) last released its earnings results on Wednesday, February 11th. The company reported C$2.18 earnings per share (EPS) for the quarter. Acadian Timber had a net margin of 56.32% and a return on equity of 14.25%. The firm had revenue of C$21.98 million during the quarter. As a group, 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 will be paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 15th will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.16 annualized dividend and a dividend yield of 6.8%. Acadian Timber’s payout ratio 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.