Acadian Timber (TSE:ADN) Share Price Passes Above Two Hundred Day Moving Average of $17.41

Acadian Timber Corp. (TSE:ADN)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$17.41 and traded as high as C$17.74. Acadian Timber shares last traded at C$17.68, with a volume of 1,603 shares.

Analysts Set New Price Targets

Separately, CIBC dropped their price target on 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 0.8 %

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$310.11 million, a price-to-earnings ratio of 9.51, a PEG ratio of -4.84 and a beta of 0.87. The company has a 50-day moving average price of C$17.53 and a 200 day moving average price of C$17.41.

Acadian Timber (TSE:ADN) last released its earnings results on Wednesday, July 31st. The company reported C$0.46 earnings per share for the quarter. The company had revenue of C$41.19 million for the quarter. Acadian Timber had a return on equity of 10.06% and a net margin of 26.53%. As a group, research analysts anticipate that Acadian Timber Corp. will post 1.0099648 earnings per share for the current fiscal year.

Acadian Timber Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 15th will be given a $0.29 dividend. The ex-dividend date of this dividend is Friday, September 27th. This represents a $1.16 dividend on an annualized basis and a yield of 6.56%. Acadian Timber’s payout ratio is 62.37%.

About Acadian Timber

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.