Acadian Timber (TSE:ADN) Sets New 12-Month Low on Analyst Downgrade

Shares of Acadian Timber Corp. (TSE:ADN) hit a new 52-week low on Monday after Royal Bank Of Canada lowered their price target on the stock from C$19.00 to C$18.00. Royal Bank Of Canada currently has a sector perform rating on the stock. Acadian Timber traded as low as C$15.85 and last traded at C$15.85, with a volume of 8969 shares traded. The stock had previously closed at C$15.97.

Acadian Timber Price Performance

The business has a 50-day simple moving average of C$17.17 and a 200 day simple moving average of C$17.50. The stock has a market cap of C$286.89 million, a P/E ratio of 20.29, a price-to-earnings-growth ratio of -4.84 and a beta of 0.31. The company has a current ratio of 0.43, a quick ratio of 1.04 and a debt-to-equity ratio of 32.89.

Acadian Timber Company Profile

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.