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

Acadian Timber Corp. (TSE:ADN)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$16.58 and traded as high as C$17.43. Acadian Timber shares last traded at C$17.31, with a volume of 5,104 shares traded.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada lifted their target price on shares of 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 investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$18.25.

Acadian Timber Stock Performance

The company has a market capitalization of C$319.47 million, a PE ratio of 6.46, a PEG ratio of -4.84 and a beta of 0.38. The business’s 50-day moving average is C$17.23 and its 200-day moving average is C$16.58. 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. Acadian Timber had a net margin of 57.04% and a return on equity of 13.97%. The company had revenue of C$23.41 million during the quarter. On average, research analysts anticipate that Acadian Timber Corp. will post 1.0095345 earnings per share for the current year.

Acadian Timber Announces Dividend

The firm 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. This represents a $1.16 dividend on an annualized basis and a yield of 6.7%. The ex-dividend date of this dividend was Tuesday, March 31st. Acadian Timber’s dividend payout ratio (DPR) 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.