Acadian Timber (TSE:ADN) Stock Crosses Above Two Hundred Day Moving Average of $16.77

Acadian Timber Corp. (TSE:ADN) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$16.77 and traded as high as C$17.27. Acadian Timber shares last traded at C$17.17, with a volume of 2,057 shares.

Wall Street Analysts Forecast Growth

ADN has been the subject of several recent analyst reports. CIBC raised shares of Acadian Timber from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from C$17.00 to C$20.00 in a report on Thursday, April 11th. Royal Bank of Canada upped their price objective on shares of Acadian Timber from C$17.00 to C$18.00 and gave the stock a “sector perform” rating in a report on Friday, February 9th. Finally, Raymond James raised shares of Acadian Timber from a “market perform” rating to an “outperform” rating and increased their price target for the company from C$17.00 to C$18.50 in a report on Thursday, February 8th.

Acadian Timber Trading Up 0.1 %

The company has a current ratio of 1.96, a quick ratio of 1.04 and a debt-to-equity ratio of 33.08. The business’s fifty day simple moving average is C$17.10 and its two-hundred day simple moving average is C$16.77. The stock has a market capitalization of C$296.18 million, a P/E ratio of 9.92, a P/E/G ratio of -4.84 and a beta of 0.87.

Acadian Timber (TSE:ADN) last issued its quarterly earnings results on Wednesday, February 7th. The company reported C$0.08 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.16 by C($0.08). Acadian Timber had a net margin of 31.49% and a return on equity of 9.45%. The company had revenue of C$23.82 million during the quarter. As a group, analysts forecast that Acadian Timber Corp. will post 0.7405803 earnings per share for the current year.

Acadian Timber Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Sunday, March 31st were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 6.76%. The ex-dividend date was Wednesday, March 27th. Acadian Timber’s dividend payout ratio is 67.05%.

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.