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

Acadian Timber Corp. (TSE:ADN) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$16.58 and traded as high as C$17.43. Acadian Timber shares last traded at C$17.31, with a volume of 5,104 shares.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada increased their target price on shares of Acadian Timber from C$17.00 to C$18.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 16th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$18.25.

Acadian Timber Stock Performance

The company’s 50-day moving average price is C$17.23 and its two-hundred day moving average price is C$16.58. The company has a debt-to-equity ratio of 30.96, a quick ratio of 1.04 and a current ratio of 0.85. The stock has a market cap of C$319.47 million, a PE ratio of 6.46, a PEG ratio of -4.84 and a beta of 0.38.

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

Acadian Timber Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 15th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 6.7%. The ex-dividend date of this dividend was Tuesday, March 31st. Acadian Timber’s dividend payout ratio (DPR) is 43.28%.

Acadian Timber Company Profile

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.