Acadian Timber (TSE:ADN) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Acadian Timber Corp. (TSE:ADN) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$17.58 and traded as high as C$17.84. Acadian Timber shares last traded at C$17.75, with a volume of 5,789 shares changing hands.

Wall Street Analyst Weigh In

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

Acadian Timber Price Performance

The firm has a 50-day moving average of C$17.75 and a 200 day moving average of C$17.58. The company has a market capitalization of C$311.34 million, a PE ratio of 9.54, a PEG ratio of -4.84 and a beta of 0.87. The company has a debt-to-equity ratio of 33.22, a current ratio of 0.38 and a quick ratio of 1.04.

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

Acadian Timber Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.29 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.16 annualized dividend and a yield of 6.54%. Acadian Timber’s payout ratio is currently 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.