Acadian Timber (TSE:ADN) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of Acadian Timber Corp. (TSE:ADN) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$16.98 and traded as high as C$17.89. Acadian Timber shares last traded at C$17.68, with a volume of 4,133 shares.

Analyst Ratings Changes

Separately, Royal Bank Of Canada lifted their target price on 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 research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Acadian Timber presently has a consensus rating of “Moderate Buy” and a consensus price target of C$18.25.

Acadian Timber Stock Down 0.1%

The stock’s 50-day moving average is C$17.53 and its 200-day moving average is C$16.98. The stock has a market cap of C$326.30 million, a P/E ratio of 6.60, a price-to-earnings-growth 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.

Acadian Timber (TSE:ADN) last released its quarterly earnings results on Wednesday, May 6th. The company reported C$0.19 EPS for the quarter. The company 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%. As a group, research analysts anticipate 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.