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
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