Acadian Timber (TSE:ADN) Share Price Passes Above 200-Day Moving Average – Here’s What Happened

Shares of Acadian Timber Corp. (TSE:ADN) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$17.04 and traded as high as C$17.41. Acadian Timber shares last traded at C$17.33, with a volume of 8,786 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada upped their target price on shares of Acadian Timber from C$17.00 to C$18.00 and gave the company a “sector perform” rating in a report on Thursday, April 16th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$18.25.

Acadian Timber Price Performance

The company has a fifty day simple moving average of C$17.54 and a two-hundred day simple moving average of C$17.04. The company has a debt-to-equity ratio of 30.96, a quick ratio of 1.04 and a current ratio of 0.85. The company has a market capitalization of C$319.84 million, a price-to-earnings ratio of 6.47, a P/E/G ratio of -4.84 and a beta of 0.36.

Acadian Timber (TSE:ADN) last issued its quarterly earnings results on Wednesday, May 6th. The company reported C$0.19 earnings per share for the quarter. Acadian Timber had a return on equity of 13.97% and a net margin of 57.04%.The company had revenue of C$23.41 million for the quarter. As a group, research analysts anticipate that Acadian Timber Corp. will post 1.0095345 earnings per share for the current 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.