Acadian Timber (TSE:ADN) Stock Passes Above 200 Day Moving Average - Time to Sell?

Key Points

• Acadian Timber Corp. shares recently traded above their 200-day moving average, currently at C$17.67, indicating possible bullish momentum.
• The company announced a quarterly dividend of $0.29, which translates to an annualized dividend of $1.16 and a dividend yield of 6.6%.
• Acadian Timber has a high dividend payout ratio of 148.72%, which could raise concerns regarding sustainability.

Acadian Timber Corp. (TSE:ADN - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$17.64 and traded as high as C$17.72. Acadian Timber shares last traded at C$17.67, with a volume of 2,601 shares changing hands.

Acadian Timber Price Performance

The stock has a 50 day moving average of C$17.91 and a 200-day moving average of C$17.63. 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 capitalization of C$313.53 million, a P/E ratio of 22.18, a PEG ratio of -4.84 and a beta of 0.41.

Acadian Timber Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 15th were given a $0.29 dividend. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.16 annualized dividend and a dividend yield of 6.7%. Acadian Timber's payout ratio is 148.72%.

About Acadian Timber

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.