Acadian Timber (TSE:ADN) Shares Cross Above 200-Day Moving Average of $15.80

Acadian Timber Corp. (TSE:ADNGet Rating) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$15.80 and traded as high as C$16.06. Acadian Timber shares last traded at C$15.52, with a volume of 7,721 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, CIBC cut their price target on shares of Acadian Timber from C$17.00 to C$16.00 in a research note on Tuesday, January 10th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Acadian Timber has a consensus rating of “Hold” and a consensus target price of C$17.33.

Acadian Timber Stock Performance

The stock’s 50-day moving average price is C$16.27 and its 200 day moving average price is C$15.80. The company has a debt-to-equity ratio of 35.54, a current ratio of 1.01 and a quick ratio of 1.04. The firm has a market cap of C$263.22 million, a P/E ratio of 7.32, a price-to-earnings-growth ratio of -4.84 and a beta of 0.93.

Acadian Timber Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, April 15th. Stockholders of record on Friday, March 31st will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 7.47%. The ex-dividend date of this dividend is Thursday, March 30th. Acadian Timber’s dividend payout ratio is presently 54.72%.

Acadian Timber Company Profile

(Get Rating)

Acadian Timber Corp. supplies primary forest products in Eastern Canada and the Northeastern United States. The company operates through two segments, NB Timberlands and Maine Timberlands. Its products include softwood and hardwood sawlogs, pulpwood, and biomass by-products. The company owns and manages approximately 1.1 million acres of freehold timberlands in New Brunswick and Maine; and provides timber services relating to approximately 1.3 million acres of Crown licensed timberlands in New Brunswick.

Further Reading

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