Acadian Timber Corp. (TSE:ADN - Get Free Report) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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.
Wall Street Analyst Weigh In
Separately, Royal Bank Of Canada cut their target price on Acadian Timber from C$21.00 to C$19.00 and set a "sector perform" rating on the stock in a report on Tuesday, April 22nd.
Check Out Our Latest Stock Report on Acadian Timber
Acadian Timber Trading Down 0.3%
The company has a fifty day simple moving average of C$17.58 and a two-hundred day simple moving average of C$17.51. 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 company has a market capitalization of C$315.24 million, a P/E ratio of 11.16, a price-to-earnings-growth ratio of -4.84 and a beta of 0.87.
Acadian Timber Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 15th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 6.51%. The ex-dividend date of this dividend is Monday, June 30th. Acadian Timber's dividend payout ratio is currently 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.
Further Reading
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