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

Acadian Timber Corp. (TSE:ADN) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$17.63 and traded as high as C$17.92. Acadian Timber shares last traded at C$17.70, with a volume of 5,939 shares traded.

Acadian Timber Trading Up 1.0 %

The firm has a market cap of C$313.62 million, a price-to-earnings ratio of 9.61, a price-to-earnings-growth ratio of -4.84 and a beta of 0.87. The company has a quick ratio of 1.04, a current ratio of 0.38 and a debt-to-equity ratio of 33.22. The business has a 50 day moving average price of C$17.93 and a 200-day moving average price of C$17.63.

Acadian Timber (TSE:ADN) last posted its quarterly earnings data on Wednesday, October 30th. The company reported C$0.13 earnings per share (EPS) for the quarter. Acadian Timber had a net margin of 26.53% and a return on equity of 10.06%. The company had revenue of C$25.96 million for the quarter. As a group, research analysts expect that Acadian Timber Corp. will post 1.0095345 EPS for the current fiscal year.

Acadian Timber Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.29 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.16 dividend on an annualized basis and a yield of 6.49%. Acadian Timber’s dividend payout ratio is currently 62.37%.

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.