Acadian Timber (TSE:ADN) Stock Price Crosses Below 200-Day Moving Average – Time to Sell?

Acadian Timber Corp. (TSE:ADN) shares passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of C$17.21 and traded as low as C$17.10. Acadian Timber shares last traded at C$17.20, with a volume of 2,554 shares traded.

Acadian Timber Trading Down 0.3%

The company has a current ratio of 0.20, a quick ratio of 1.04 and a debt-to-equity ratio of 31.66. The firm’s 50-day moving average is C$17.23 and its 200 day moving average is C$17.21. The firm has a market capitalization of C$325.94 million, a price-to-earnings ratio of 6.42, a P/E/G ratio of -4.84 and a beta of 0.16.

Acadian Timber (TSE:ADN) last issued its earnings results on Wednesday, October 28th. The company reported C$0.23 earnings per share (EPS) for the quarter. Acadian Timber had a net margin of 58.22% and a return on equity of 13.52%. The firm had revenue of C$24.02 million for the quarter. On average, equities analysts predict that Acadian Timber Corp. will post 1.01 earnings per share for the current fiscal year.

About Acadian Timber

Acadian Timber Corp. (‘Acadian’) is one of the largest timberland owners in Eastern Canada and the Northeastern U.S. We own and manage 775,000 acres of freehold timberlands in New Brunswick and approximately 300,000 acres of freehold timberlands in Maine. Acadian also provides timber services relating to 1.3 million acres of Crown licensed timberlands in New Brunswick. Our primary business is the production of softwood and hardwood sawlogs, pulpwood, and biomass by-products, sold to approximately 85 regional customers.