Acadian Timber (TSE:ADN) Share Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Acadian Timber Corp. (TSE:ADN)’s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$16.62 and traded as low as C$15.51. Acadian Timber shares last traded at C$15.82, with a volume of 23,253 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Raymond James Financial decreased their price target on shares of Acadian Timber from C$20.00 to C$18.50 and set an “outperform” rating for the company in a research note on Thursday, October 30th. Royal Bank Of Canada reduced their target price on shares of Acadian Timber from C$18.00 to C$17.00 and set a “sector perform” rating for the company in a report on Thursday, October 30th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$17.75.

Acadian Timber Trading Up 1.1%

The firm has a market capitalization of C$289.30 million, a price-to-earnings ratio of 19.29, a price-to-earnings-growth ratio of -4.84 and a beta of 0.43. The business’s 50 day moving average price is C$15.26 and its 200-day moving average price is C$16.62. The company has a debt-to-equity ratio of 32.89, a current ratio of 0.43 and a quick ratio of 1.04.

Acadian Timber (TSE:ADN) last announced its quarterly earnings data on Wednesday, October 29th. The company reported C$0.16 earnings per share for the quarter. The company had revenue of C$23.02 million for the quarter. Acadian Timber had a return on equity of 8.55% and a net margin of 23.17%. Equities analysts forecast that Acadian Timber Corp. will post 1.0095345 EPS for the current fiscal year.

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.