Acadian Timber (TSE:ADN) Shares Cross Above 200 Day Moving Average - What's Next?

Key Points

• Acadian Timber Corp. shares have recently crossed above their 200-day moving average of C$17.55, trading as high as C$18.15.
• The Royal Bank of Canada has downgraded its price target for Acadian Timber from C$21.00 to C$19.00, maintaining a "sector perform" rating.
• The company announced a quarterly dividend of $0.29 per share, reflecting a 6.5% annualized dividend yield with a payout ratio of 72.71%.

Acadian Timber Corp. (TSE:ADN - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$17.55 and traded as high as C$18.15. Acadian Timber shares last traded at C$17.96, with a volume of 18,801 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada reduced their price objective on Acadian Timber from C$21.00 to C$19.00 and set a "sector perform" rating on the stock in a research report on Tuesday, April 22nd.

Acadian Timber Price Performance

The company has a 50-day moving average of C$17.99 and a two-hundred day moving average of C$17.57. The company has a debt-to-equity ratio of 32.89, a current ratio of 0.43 and a quick ratio of 1.04. The stock has a market capitalization of C$319.49 million, a PE ratio of 11.31, a P/E/G ratio of -4.84 and a beta of 0.87.

Acadian Timber Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 15th were given a $0.29 dividend. The ex-dividend date was Monday, June 30th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 6.4%. Acadian Timber's dividend payout ratio is currently 72.71%.

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.