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

Acadian Timber Corp. (TSE:ADN) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$17.04 and traded as high as C$17.41. Acadian Timber shares last traded at C$17.33, with a volume of 8,786 shares trading hands.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada raised 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 report on Thursday, April 16th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$18.25.

Acadian Timber Price Performance

The company has a market capitalization of C$319.84 million, a PE ratio of 6.47, a PEG ratio of -4.84 and a beta of 0.36. The company has a current ratio of 0.85, a quick ratio of 1.04 and a debt-to-equity ratio of 30.96. The company’s 50 day moving average price is C$17.54 and its 200-day moving average price is C$17.04.

Acadian Timber (TSE:ADN) last issued its earnings results on Wednesday, May 6th. The company reported C$0.19 earnings per share for the quarter. The business had revenue of C$23.41 million for the quarter. Acadian Timber had a return on equity of 13.97% and a net margin of 57.04%. On average, sell-side analysts forecast that Acadian Timber Corp. will post 1.0095345 earnings per share for the current fiscal year.

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.