Acadian Timber (TSE:ADN) Share Price Passes Above 200-Day Moving Average of $17.43

Acadian Timber Corp. (TSE:ADN)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$17.43 and traded as high as C$17.46. Acadian Timber shares last traded at C$17.44, with a volume of 7,786 shares changing hands.

Analyst Upgrades and Downgrades

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

Acadian Timber Trading Up 0.6 %

The company has a market capitalization of C$305.90 million, a PE ratio of 9.38, a P/E/G ratio of -4.84 and a beta of 0.87. The company has a debt-to-equity ratio of 33.22, a quick ratio of 1.04 and a current ratio of 0.38. The business has a fifty day moving average price of C$17.57 and a 200 day moving average price of C$17.43.

Acadian Timber (TSE:ADN) last posted its quarterly earnings results on Wednesday, July 31st. The company reported C$0.46 EPS for the quarter. Acadian Timber had a net margin of 26.53% and a return on equity of 10.06%. The firm had revenue of C$41.19 million for the quarter. Analysts expect that Acadian Timber Corp. will post 1.0074243 EPS for the current fiscal year.

Acadian Timber Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $1.16 annualized dividend and a dividend yield of 6.65%. Acadian Timber’s payout ratio is 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.