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

Acadian Timber Corp. (TSE:ADN) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$16.71 and traded as high as C$17.64. Acadian Timber shares last traded at C$17.58, with a volume of 8,295 shares traded.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada upped 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 investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Acadian Timber currently has an average rating of “Moderate Buy” and a consensus target price of C$18.25.

Acadian Timber Trading Up 0.5%

The company’s 50-day moving average is C$17.29 and its 200-day moving average is C$16.74. The firm has a market cap of C$329.26 million, a price-to-earnings ratio of 6.66, a P/E/G ratio of -4.84 and a beta of 0.38. The company has a debt-to-equity ratio of 30.96, a quick ratio of 1.04 and a current ratio of 0.85.

Acadian Timber (TSE:ADN) last issued its quarterly 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 net margin of 57.04% and a return on equity of 13.97%. On average, research analysts predict that Acadian Timber Corp. will post 1.0095345 earnings per share for the current year.

Acadian Timber Dividend Announcement

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