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

Acadian Timber Corp. (TSE:ADN) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$16.16 and traded as high as C$17.27. Acadian Timber shares last traded at C$17.07, with a volume of 9,985 shares changing hands.

Acadian Timber Price Performance

The stock has a market capitalization of C$315.04 million, a PE ratio of 6.32, a PEG ratio of -4.84 and a beta of 0.33. The company has a current ratio of 0.87, a quick ratio of 1.04 and a debt-to-equity ratio of 30.77. The company’s 50 day simple moving average is C$16.78 and its 200 day simple moving average is C$16.16.

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

Acadian Timber Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Wednesday, April 15th will be given a dividend of $0.29 per share. The ex-dividend date is Tuesday, March 31st. This represents a $1.16 annualized dividend and a yield of 6.8%. Acadian Timber’s dividend payout ratio is 42.96%.

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.