Acadian Timber (TSE:ADN) Stock Crosses Above 200 Day Moving Average – Time to Sell?

Acadian Timber Corp. (TSE:ADN) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$16.71 and traded as high as C$17.64. Acadian Timber shares last traded at C$17.58, with a volume of 8,295 shares.

Analyst Upgrades and Downgrades

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

Acadian Timber Trading Up 0.5%

The stock has a market capitalization of C$324.46 million, a P/E ratio of 6.56, a PEG ratio of -4.84 and a beta of 0.38. The company has a debt-to-equity ratio of 30.96, a current ratio of 0.85 and a quick ratio of 1.04. The business’s 50 day simple moving average is C$17.26 and its 200-day simple moving average is C$16.71.

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

Acadian Timber Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 15th were paid a $0.29 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $1.16 dividend on an annualized basis and a yield of 6.6%. Acadian Timber’s dividend payout ratio (DPR) is presently 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.