Acadian Timber (TSE:ADN) Shares Pass Above Two Hundred 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 Friday . The stock has a 200-day moving average of C$17.51 and traded as high as C$18.00. Acadian Timber shares last traded at C$17.99, with a volume of 11,741 shares.

Analyst Upgrades and Downgrades

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

Acadian Timber Trading Up 0.2%

The company has a market capitalization of C$318.43 million, a PE ratio of 11.28, a PEG ratio of -4.84 and a beta of 0.87. The company has a current ratio of 0.43, a quick ratio of 1.04 and a debt-to-equity ratio of 32.89. The stock has a fifty day moving average of C$17.91 and a two-hundred day moving average of C$17.51.

Acadian Timber Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 15th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.16 annualized dividend and a yield of 6.45%. 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.