Acadian Timber Corp. (TSE:ADN - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$17.60 and traded as high as C$17.72. Acadian Timber shares last traded at C$17.72, with a volume of 1,335 shares trading hands.
Analyst Ratings Changes
Separately, CIBC dropped their price objective on shares of Acadian Timber from C$22.00 to C$21.00 and set an "outperform" rating on the stock in a report on Thursday, August 1st.
Get Our Latest Stock Analysis on ADN
Acadian Timber Stock Performance
The company has a market cap of C$310.63 million, a PE ratio of 9.53, a PEG ratio of -4.84 and a beta of 0.87. The company has a 50-day moving average of C$17.83 and a 200-day moving average of C$17.60. The company has a quick ratio of 1.04, a current ratio of 0.38 and a debt-to-equity ratio of 33.22.
Acadian Timber (TSE:ADN - Get Free Report) last announced its earnings results on Wednesday, October 30th. The company reported C$0.13 EPS for the quarter. The company had revenue of C$25.96 million during the quarter. Acadian Timber had a net margin of 26.53% and a return on equity of 10.06%. As a group, analysts anticipate that Acadian Timber Corp. will post 1.0095345 earnings per share for the current year.
Acadian Timber Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 6.55%. The ex-dividend date is Tuesday, December 31st. Acadian Timber's dividend payout ratio (DPR) is presently 62.37%.
About Acadian Timber
(
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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.
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