Shares of Acadian Timber Corp. (TSE:ADN - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$17.50 and traded as high as C$18.30. Acadian Timber shares last traded at C$18.18, with a volume of 506 shares traded.
Wall Street Analyst Weigh In
Separately, Royal Bank of Canada lowered their target price 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 Report on ADN
Acadian Timber Stock Performance
The company has a debt-to-equity ratio of 32.89, a quick ratio of 1.04 and a current ratio of 0.43. The stock has a market cap of C$321.79 million, a PE ratio of 11.40, a PEG ratio of -4.84 and a beta of 0.87. The company's 50-day moving average price is C$17.37 and its two-hundred day moving average price is C$17.50.
Acadian Timber Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th were given a dividend of $0.29 per share. The ex-dividend date was Monday, March 31st. This represents a $1.16 dividend on an annualized basis and a yield of 6.38%. Acadian Timber's payout ratio is 72.71%.
Acadian Timber Company Profile
(
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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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