Acadian Timber (TSE:ADN) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Shares of Acadian Timber Corp. (TSE:ADN) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$16.34 and traded as high as C$17.59. Acadian Timber shares last traded at C$17.50, with a volume of 11,945 shares traded.

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 report on Thursday, April 16th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$18.25.

Acadian Timber Stock Down 1.0%

The company’s 50 day moving average price is C$17.11 and its two-hundred day moving average price is C$16.37. The firm has a market cap of C$319.47 million, a PE ratio of 6.46, a PEG ratio of -4.84 and a beta of 0.28. 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 issued its quarterly 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 net margin of 57.04% and a return on equity of 13.97%. On average, equities research analysts expect that Acadian Timber Corp. will post 1.0095345 EPS for the current fiscal year.

Acadian Timber Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 15th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 6.7%. The ex-dividend date was Tuesday, March 31st. 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.