Shares of Acadian Timber Corp. (TSE:ADN - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$17.51 and traded as high as C$17.96. Acadian Timber shares last traded at C$17.84, with a volume of 3,524 shares traded.
Analyst Ratings Changes
Separately, Royal Bank Of Canada cut their target price on Acadian Timber from C$21.00 to C$19.00 and set a "sector perform" rating for the company in a research note on Tuesday, April 22nd.
Check Out Our Latest Stock Analysis on Acadian Timber
Acadian Timber Stock Down 0.1%
The stock has a market capitalization of C$315.77 million, a PE ratio of 11.18, a P/E/G ratio of -4.84 and a beta of 0.87. The firm has a 50 day moving average of C$17.64 and a two-hundred day moving average of C$17.51. The company has a current ratio of 0.43, a quick ratio of 1.04 and a debt-to-equity ratio of 32.89.
Acadian Timber Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 15th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 6.50%. The ex-dividend date of this dividend is Monday, June 30th. Acadian Timber's payout ratio is currently 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.
Further Reading
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