Acadian Timber (TSE:ADN) Shares Cross Above 200-Day Moving Average - Here's Why

Key Points

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Acadian Timber Corp. (TSE:ADN - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$17.61 and traded as high as C$17.85. Acadian Timber shares last traded at C$17.85, with a volume of 2,579 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada dropped their target price 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 Performance

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 50 day simple moving average of C$17.95 and a two-hundred day simple moving average of C$17.61. The company has a market cap of C$315.95 million, a PE ratio of 11.19, a PEG ratio of -4.84 and a beta of 0.87.

Acadian Timber Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 15th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 6.5%. The ex-dividend date was Monday, June 30th. Acadian Timber's dividend payout ratio is 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.

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