Acadian Timber (TSE:ADN) Stock Crosses Above 200-Day Moving Average - Should You Sell?

Key Points

• Acadian Timber Corp. shares recently surpassed their 200-day moving average of C$17.58, trading as high as C$17.90 with a last trade at C$17.85 on relatively low volume.
• Royal Bank Of Canada has lowered its target price for Acadian Timber from C$21.00 to C$19.00 while maintaining a "sector perform" rating.
• The company declared a quarterly dividend of $0.29 per share, representing an annualized yield of 6.5%, with a payout ratio of 72.71%.

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$17.58 and traded as high as C$17.90. Acadian Timber shares last traded at C$17.85, with a volume of 2,631 shares.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada cut their target price on shares of Acadian Timber from C$21.00 to C$19.00 and set a "sector perform" rating for the company in a research report on Tuesday, April 22nd.

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 firm has a market cap of C$315.60 million, a P/E ratio of 11.18, a P/E/G ratio of -4.84 and a beta of 0.87. The business's 50-day simple moving average is C$17.98 and its 200 day simple moving average is C$17.59.

Acadian Timber Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 15th were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 6.5%. The ex-dividend date of this dividend was Monday, June 30th. Acadian Timber's payout ratio is 72.71%.

Acadian Timber Company Profile

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.