Free Trial

Acadian Timber (TSE:ADN) Shares Pass Above 200 Day Moving Average - Here's What Happened

Acadian Timber logo with Basic Materials background

Acadian Timber Corp. (TSE:ADN - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$17.50 and traded as high as C$17.99. Acadian Timber shares last traded at C$17.93, with a volume of 2,704 shares.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada cut their target price on shares of Acadian Timber from C$21.00 to C$19.00 and set a "sector perform" rating for the company in a report on Tuesday, April 22nd.

Check Out Our Latest Stock Report on ADN

Acadian Timber Trading Up 0.3%

The stock's 50-day moving average price is C$17.84 and its 200 day moving average price is 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. The firm has a market capitalization of C$317.37 million, a PE ratio of 11.24, a price-to-earnings-growth ratio of -4.84 and a beta of 0.87.

Acadian Timber Announces Dividend

The business 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 dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 6.47%. The ex-dividend date is Monday, June 30th. Acadian Timber's dividend payout ratio (DPR) is currently 72.71%.

About Acadian Timber

(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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Acadian Timber Right Now?

Before you consider Acadian Timber, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Acadian Timber wasn't on the list.

While Acadian Timber currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

The Next 7 Blockbuster Stocks for Growth Investors Cover

Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Don’t Miss These Top 3 Defense Stocks Set To Gain
Triple-Digit Gains: These 4 Nuclear Stocks Have Even More Upside Ahead
3 Made in America Stocks Under $20 You Need to See!

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines