Acadian Timber (TSE:ADN) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Acadian Timber Corp. (TSE:ADN)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$17.46 and traded as high as C$18.03. Acadian Timber shares last traded at C$18.03, with a volume of 3,400 shares trading hands.

Analyst Ratings Changes

Separately, CIBC dropped their price objective on Acadian Timber from C$22.00 to C$21.00 and set an “outperform” rating for the company in a report on Thursday, August 1st.

Acadian Timber Stock Down 0.7 %

The company has a market cap of C$314.49 million, a price-to-earnings ratio of 9.64, a price-to-earnings-growth ratio of -4.84 and a beta of 0.87. The company has a current ratio of 0.38, a quick ratio of 1.04 and a debt-to-equity ratio of 33.22. The firm’s fifty day moving average price is C$17.57 and its 200-day moving average price is C$17.47.

Acadian Timber (TSE:ADN) last released its quarterly earnings results on Wednesday, July 31st. The company reported C$0.46 EPS for the quarter. Acadian Timber had a return on equity of 10.06% and a net margin of 26.53%. The company had revenue of C$41.19 million for the quarter. Sell-side analysts predict that Acadian Timber Corp. will post 1.0095345 earnings per share for the current year.

Acadian Timber Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 15th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 6.47%. The ex-dividend date of this dividend is Friday, September 27th. Acadian Timber’s dividend payout ratio (DPR) is presently 62.37%.

Acadian Timber Company Profile

Acadian Timber Corp. supplies primary forest products in Eastern Canada and the Northeastern United States. The company operates in two segments, NB Timberlands and Maine Timberlands. Its products include softwood and hardwood sawlogs, pulpwood, and biomass by-products. The company owns and manages freehold timberlands in New Brunswick and Maine; and provides timber services relating to Crown licensed timberlands in New Brunswick.