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Acadian Timber (TSE:ADN) Stock Crosses Above Two Hundred Day Moving Average - Time to Sell?

Acadian Timber logo with Basic Materials background

Shares of Acadian Timber Corp. (TSE:ADN - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$17.51 and traded as high as C$17.96. Acadian Timber shares last traded at C$17.96, with a volume of 4,048 shares trading hands.

Analyst Upgrades and Downgrades

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 report on Tuesday, April 22nd.

View Our Latest Stock Analysis on ADN

Acadian Timber Stock Up 0.3%

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's 50 day moving average price is C$17.58 and its two-hundred day moving average price is C$17.51. The firm has a market cap of C$316.13 million, a price-to-earnings ratio of 11.19, a P/E/G 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. Shareholders of record on Tuesday, July 15th will be given a dividend of $0.29 per share. The ex-dividend date is Monday, June 30th. This represents a $1.16 dividend on an annualized basis and a yield of 6.49%. Acadian Timber's payout ratio is 72.71%.

Acadian Timber Company Profile

(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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