Acadian Timber (TSE:ADN) Share Price Passes Above 200-Day Moving Average – What’s Next?

Acadian Timber Corp. (TSE:ADN)’s share price crossed 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 changing hands.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada raised their price objective on Acadian Timber from C$17.00 to C$18.00 and gave the company a “sector perform” rating in a research report on Thursday, April 16th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$18.25.

Acadian Timber Price Performance

The company has a debt-to-equity ratio of 30.96, a current ratio of 0.85 and a quick ratio of 1.04. The firm has a market cap of C$319.47 million, a PE ratio of 6.46, a price-to-earnings-growth ratio of -4.84 and a beta of 0.38. The firm has a 50-day simple moving average of C$17.23 and a 200 day simple moving average of C$16.58.

Acadian Timber (TSE:ADN) last announced its quarterly earnings data on Wednesday, May 6th. The company reported C$0.19 EPS for the quarter. The business had revenue of C$23.41 million during the quarter. Acadian Timber had a return on equity of 13.97% and a net margin of 57.04%. As a group, equities analysts expect that Acadian Timber Corp. will post 1.0095345 EPS for the current year.

Acadian Timber Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Wednesday, April 15th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $1.16 annualized dividend and a yield of 6.7%. Acadian Timber’s dividend payout ratio (DPR) is currently 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.