Shares of Acadian Timber Corp. (TSE:ADN - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$17.58 and traded as high as C$17.84. Acadian Timber shares last traded at C$17.75, with a volume of 5,789 shares.
Analysts Set New Price Targets
Separately, CIBC cut their target price on Acadian Timber from C$22.00 to C$21.00 and set an "outperform" rating on the stock in a research report on Thursday, August 1st.
View Our Latest Stock Analysis on ADN
Acadian Timber Stock Performance
The stock has a fifty day moving average price of C$17.76 and a two-hundred day moving average price of C$17.58. The company has a market cap of C$314.84 million, a P/E ratio of 9.68, a PEG ratio of -4.84 and a beta of 0.87. The company has a debt-to-equity ratio of 33.22, a current ratio of 0.38 and a quick ratio of 1.04.
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. Acadian Timber had a return on equity of 10.06% and a net margin of 26.53%. The firm had revenue of C$25.96 million for the quarter. On average, equities analysts forecast that Acadian Timber Corp. will post 1.0095345 earnings per share for the current fiscal year.
Acadian Timber Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.29 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.16 annualized dividend and a dividend yield of 6.46%. Acadian Timber's dividend payout ratio is currently 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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