Acadian Timber (TSE:ADN) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Acadian Timber Corp. (TSE:ADN)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$17.49 and traded as high as C$18.15. Acadian Timber shares last traded at C$18.12, with a volume of 4,102 shares changing hands.

Analyst Upgrades and Downgrades

Separately, CIBC decreased their price target on Acadian Timber from C$22.00 to C$21.00 and set an “outperform” rating on the stock in a research note on Thursday, August 1st.

Acadian Timber Price Performance

The company’s 50-day moving average price is C$17.61 and its 200-day moving average price is C$17.50. 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 firm has a market cap of C$318.88 million, a price-to-earnings ratio of 9.77, a PEG ratio of -4.84 and a beta of 0.87.

Acadian Timber (TSE:ADN) last released its earnings results on Wednesday, July 31st. The company reported C$0.46 EPS for the quarter. Acadian Timber had a return on equity of 10.06% and a net margin of 26.53%. The firm had revenue of C$41.19 million during the quarter. On average, equities research analysts forecast that Acadian Timber Corp. will post 1.0095345 EPS for the current year.

Acadian Timber Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th were issued a $0.29 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 6.38%. Acadian Timber’s payout ratio is currently 62.37%.

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.