Acadian Timber (TSE:ADN) Share Price Passes Above 200 Day Moving Average - Here's What Happened

Shares of Acadian Timber Corp. (TSE:ADN - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$17.50 and traded as high as C$17.78. Acadian Timber shares last traded at C$17.78, with a volume of 4,912 shares traded.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada lowered their price objective on shares of 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 Stock Up 0.8%

The stock has a market cap of C$317.19 million, a price-to-earnings ratio of 11.23, a P/E/G ratio of -4.84 and a beta of 0.87. The business has a fifty day moving average of C$17.77 and a 200 day moving average of C$17.50. The company has a debt-to-equity ratio of 32.89, a current ratio of 0.43 and a quick ratio of 1.04.

Acadian Timber Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 15th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 6.47%. The ex-dividend date is Monday, June 30th. Acadian Timber's payout ratio is 72.71%.

Acadian Timber Company Profile

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.