Acadian Timber (TSE:ADN) Share Price Passes Above 200 Day Moving Average – What’s Next?

Acadian Timber Corp. (TSE:ADN)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$16.48 and traded as high as C$17.96. Acadian Timber shares last traded at C$17.78, with a volume of 14,346 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada upped their price objective on Acadian Timber from C$17.00 to C$18.00 and gave the company a “sector perform” rating in a research report on Thursday, April 16th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$18.25.

Acadian Timber Stock Performance

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 firm has a fifty day moving average price of C$17.17 and a two-hundred day moving average price of C$16.48. The stock has a market capitalization of C$328.15 million, a PE ratio of 6.63, a P/E/G ratio of -4.84 and a beta of 0.28.

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

Acadian Timber Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 15th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 6.5%. The ex-dividend date was Tuesday, March 31st. Acadian Timber’s dividend payout ratio is presently 43.28%.

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.