Acadian Timber Corp. (TSE:ADN - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 Ratings Changes
Separately, Royal Bank Of Canada cut 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.
Read Our Latest Research Report on ADN
Acadian Timber Price Performance
The stock has a market cap of C$318.43 million, a price-to-earnings ratio of 11.28, a price-to-earnings-growth ratio of -4.84 and a beta of 0.87. The company has a quick ratio of 1.04, a current ratio of 0.43 and a debt-to-equity ratio of 32.89. The stock's 50 day moving average price is C$17.91 and its two-hundred day moving average price is C$17.51.
Acadian Timber Announces Dividend
The company 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 dividend payout ratio is presently 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.
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