Acadian Timber (TSE:ADN) Stock Passes Above 200 Day Moving Average – Here’s Why

Acadian Timber Corp. (TSE:ADN) crossed 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 changing hands.

Acadian Timber Trading Down 1.1 %

The company has a market capitalization of C$310.46 million, a PE ratio of 9.52, a PEG ratio of -4.84 and a beta of 0.87. The stock has a fifty day moving average of C$17.94 and a two-hundred day moving average of C$17.63. The company has a current ratio of 0.38, a quick ratio of 1.04 and a debt-to-equity ratio of 33.22.

Acadian Timber (TSE:ADN) last posted its quarterly earnings results on Wednesday, October 30th. The company reported C$0.13 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$25.96 million for the quarter. As a group, sell-side analysts anticipate that Acadian Timber Corp. will post 1.0095345 earnings per share for the current fiscal year.

Acadian Timber Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.16 annualized dividend and a yield of 6.55%. Acadian Timber’s payout ratio is 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.