Acadian Timber Corp. (TSE:ADN - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$17.47 and traded as high as C$17.97. Acadian Timber shares last traded at C$17.96, with a volume of 9,235 shares trading hands.
Analysts Set New Price Targets
Separately, Royal Bank of Canada cut their price target on shares of Acadian Timber from C$21.00 to C$19.00 and set a "sector perform" rating for the company in a report on Tuesday, April 22nd.
Check Out Our Latest Stock Analysis on ADN
Acadian Timber Trading Up 0.8%
The business has a fifty day moving average price of C$17.26 and a two-hundred day moving average price of C$17.47. The company has a current ratio of 0.43, a quick ratio of 1.04 and a debt-to-equity ratio of 32.89. The firm has a market capitalization of C$317.90 million, a PE ratio of 11.26, a PEG ratio of -4.84 and a beta of 0.87.
Acadian Timber Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 6.46%. The ex-dividend date was Monday, March 31st. Acadian Timber's dividend payout ratio (DPR) is presently 72.71%.
Acadian Timber Company Profile
(
Get Free Report)
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.
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