Acadian Timber (TSE:ADN) Stock Price Crosses Above 200-Day Moving Average - Should You Sell?

Acadian Timber Corp. (TSE:ADN - Get Free Report) shares passed 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.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada dropped 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 note on Tuesday, April 22nd.

Acadian Timber Price Performance

The firm has a market capitalization of C$320.38 million, a PE ratio of 11.35, a P/E/G ratio of -4.84 and a beta of 0.87. The company has a debt-to-equity ratio of 32.89, a quick ratio of 1.04 and a current ratio of 0.43. The stock has a fifty day moving average price of C$17.79 and a 200-day moving average price of C$17.50.

Acadian Timber Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 15th will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 6.41%. The ex-dividend date of this dividend is Monday, June 30th. Acadian Timber's 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.