Acadian Timber (TSE:ADN) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Shares of Acadian Timber Corp. (TSE:ADN) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$16.51 and traded as high as C$16.90. Acadian Timber shares last traded at C$16.81, with a volume of 21,827 shares.

Wall Street Analyst Weigh In

ADN has been the topic of several research analyst reports. Raymond James Financial lowered their price objective on Acadian Timber from C$20.00 to C$18.50 and set an “outperform” rating on the stock in a research report on Thursday, October 30th. Royal Bank Of Canada dropped their price target on Acadian Timber from C$18.00 to C$17.00 and set a “sector perform” rating for the company in a research note on Thursday, October 30th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$17.75.

Acadian Timber Trading Up 2.3%

The company has a debt-to-equity ratio of 32.89, a current ratio of 0.43 and a quick ratio of 1.04. The stock has a 50-day moving average price of C$15.70 and a two-hundred day moving average price of C$16.51. The stock has a market cap of C$307.40 million, a PE ratio of 20.50, a price-to-earnings-growth ratio of -4.84 and a beta of 0.43.

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