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

Acadian Timber Corp. (TSE:ADN)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$16.18 and traded as high as C$16.99. Acadian Timber shares last traded at C$16.84, with a volume of 5,630 shares changing hands.

Acadian Timber Stock Performance

The company has a quick ratio of 1.04, a current ratio of 0.87 and a debt-to-equity ratio of 30.77. The stock’s fifty day moving average is C$16.68 and its two-hundred day moving average is C$16.18. The firm has a market capitalization of C$310.80 million, a price-to-earnings ratio of 6.24, a P/E/G ratio of -4.84 and a beta of 0.33.

Acadian Timber (TSE:ADN) last announced its quarterly earnings results on Wednesday, February 11th. The company reported C$2.18 EPS for the quarter. Acadian Timber had a net margin of 56.32% and a return on equity of 14.25%. The firm had revenue of C$21.98 million during the quarter. On average, analysts predict that Acadian Timber Corp. will post 1.0095345 earnings per share for the current year.

Acadian Timber Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 6.9%. The ex-dividend date is Tuesday, March 31st. Acadian Timber’s dividend payout ratio (DPR) is 42.96%.

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.