Acadian Timber (TSE:ADN) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

Acadian Timber Corp. (TSE:ADN) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$16.91 and traded as high as C$17.76. Acadian Timber shares last traded at C$17.69, with a volume of 4,191 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada lifted their price objective 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. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$18.25.

Acadian Timber Price Performance

The company has a fifty day simple moving average of C$17.47 and a 200-day simple moving average of C$16.91. The company has a market cap of C$326.49 million, a P/E ratio of 6.60, 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.

Acadian Timber (TSE:ADN) last issued its earnings results on Wednesday, May 6th. The company reported C$0.19 earnings per share (EPS) 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 predict that Acadian Timber Corp. will post 1.0095345 earnings per share for the current year.

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.