Acadian Timber (TSE:ADN) Shares Cross Above Two Hundred Day Moving Average of $16.77

Acadian Timber Corp. (TSE:ADN)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$16.77 and traded as high as C$17.27. Acadian Timber shares last traded at C$17.17, with a volume of 2,057 shares traded.

Analyst Ratings Changes

ADN has been the topic of a number of analyst reports. Royal Bank of Canada boosted their price objective on shares of Acadian Timber from C$17.00 to C$18.00 and gave the company a “sector perform” rating in a research report on Friday, February 9th. Raymond James upgraded shares of Acadian Timber from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from C$17.00 to C$18.50 in a research report on Thursday, February 8th. Finally, CIBC upgraded shares of Acadian Timber from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from C$17.00 to C$20.00 in a research report on Thursday, April 11th.

Acadian Timber Price Performance

The business’s 50-day simple moving average is C$17.10 and its 200-day simple moving average is C$16.77. The stock has a market cap of C$296.18 million, a PE ratio of 9.92, a PEG ratio of -4.84 and a beta of 0.87. The company has a quick ratio of 1.04, a current ratio of 1.96 and a debt-to-equity ratio of 33.08.

Acadian Timber (TSE:ADN) last announced its quarterly earnings results on Wednesday, February 7th. The company reported C$0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.16 by C($0.08). Acadian Timber had a net margin of 31.49% and a return on equity of 9.45%. The company had revenue of C$23.82 million for the quarter. On average, research analysts expect that Acadian Timber Corp. will post 0.7405803 EPS for the current fiscal year.

Acadian Timber Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Sunday, March 31st were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 6.76%. The ex-dividend date of this dividend was Wednesday, March 27th. Acadian Timber’s dividend payout ratio is currently 67.05%.

Acadian Timber Company Profile

Acadian Timber Corp. supplies primary forest products in Eastern Canada and the Northeastern United States. The company operates in two segments, NB Timberlands and Maine Timberlands. Its products include softwood and hardwood sawlogs, pulpwood, and biomass by-products. The company owns and manages freehold timberlands in New Brunswick and Maine; and provides timber services relating to Crown licensed timberlands in New Brunswick.