Shares of Acadian Timber Corp. (TSE:ADN - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$17.49 and traded as high as C$18.04. Acadian Timber shares last traded at C$17.92, with a volume of 4,578 shares trading hands.
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.
Read Our Latest Research Report on ADN
Acadian Timber Trading Down 0.2%
The firm has a market cap of C$317.37 million, a PE ratio of 11.24, a P/E/G ratio of -4.84 and a beta of 0.87. The company's fifty day moving average price is C$17.32 and its two-hundred day moving average price is C$17.48. The company has a quick ratio of 1.04, a current ratio of 0.43 and a debt-to-equity ratio of 32.89.
Acadian Timber Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th were given a $0.29 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.16 dividend on an annualized basis and a yield of 6.47%. Acadian Timber's payout ratio 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.
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