Acadian Timber (TSE:ADN) Stock Crosses Above 200-Day Moving Average of $16.76

Acadian Timber Corp. (TSE:ADN) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$16.76 and traded as high as C$17.29. Acadian Timber shares last traded at C$17.05, with a volume of 8,045 shares.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. CIBC upgraded shares of Acadian Timber from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from C$17.00 to C$20.00 in a report on Thursday, April 11th. Raymond James raised shares of Acadian Timber from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from C$17.00 to C$18.50 in a research report on Thursday, February 8th. Finally, Royal Bank of Canada increased their price objective on shares of Acadian Timber from C$17.00 to C$18.00 and gave the stock a “sector perform” rating in a research note on Friday, February 9th.

Acadian Timber Stock Performance

The company has a quick ratio of 1.04, a current ratio of 1.96 and a debt-to-equity ratio of 33.08. The stock’s fifty day moving average is C$17.04 and its two-hundred day moving average is C$16.76. The firm has a market capitalization of C$294.11 million, a price-to-earnings ratio of 9.86, a P/E/G ratio of -4.84 and a beta of 0.87.

Acadian Timber (TSE:ADN) last released its quarterly earnings data on Wednesday, February 7th. The company reported C$0.08 earnings per share for the quarter, missing the consensus estimate of C$0.16 by C($0.08). The firm had revenue of C$23.82 million for the quarter. Acadian Timber had a return on equity of 9.45% and a net margin of 31.49%. On average, analysts predict that Acadian Timber Corp. will post 0.7405803 earnings per share for the current year.

Acadian Timber Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Sunday, March 31st were paid a $0.29 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.16 annualized dividend and a yield of 6.80%. Acadian Timber’s dividend payout ratio is 67.05%.

About Acadian Timber

Acadian Timber Corp. supplies primary forest products in Eastern Canada and the Northeastern United States. The company operates in two segments, NB Timberlands and Maine Timberlands. Its products include softwood and hardwood sawlogs, pulpwood, and biomass by-products. The company owns and manages freehold timberlands in New Brunswick and Maine; and provides timber services relating to Crown licensed timberlands in New Brunswick.