Acadian Timber Corp. (TSE:ADN - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$17.49 and traded as high as C$17.76. Acadian Timber shares last traded at C$17.56, with a volume of 11,299 shares.
Analyst Upgrades and Downgrades
Separately, Royal Bank of Canada lowered their price objective 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.
Check Out Our Latest Report on ADN
Acadian Timber Price Performance
The stock has a market capitalization of C$315.24 million, a P/E ratio of 11.16, a PEG ratio of -4.84 and a beta of 0.87. The business has a fifty day simple moving average of C$17.24 and a 200-day simple moving average of C$17.47. The company has a debt-to-equity ratio of 32.89, a quick ratio of 1.04 and a current ratio of 0.43.
Acadian Timber Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 15th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 6.51%. The ex-dividend date was Monday, March 31st. 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.
Further Reading
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