Acadian Timber (TSE:ADN) Hits New 1-Year High - What's Next?

Shares of Acadian Timber Corp. (TSE:ADN - Get Free Report) reached a new 52-week high on Friday . The company traded as high as C$18.45 and last traded at C$18.30, with a volume of 8361 shares changing hands. The stock had previously closed at C$18.37.

Analyst Upgrades and Downgrades

Separately, CIBC dropped their price target on Acadian Timber from C$22.00 to C$21.00 and set an "outperform" rating for the company in a research report on Thursday, August 1st.

Acadian Timber Stock Down 0.4 %

The company has a quick ratio of 1.04, a current ratio of 0.38 and a debt-to-equity ratio of 33.22. The company has a 50-day simple moving average of C$17.69 and a two-hundred day simple moving average of C$17.54. The stock has a market cap of C$320.98 million, a P/E ratio of 9.84, a P/E/G ratio of -4.84 and a beta of 0.87.

Acadian Timber (TSE:ADN - Get Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The company reported C$0.46 earnings per share 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$41.19 million during the quarter. On average, equities analysts forecast that Acadian Timber Corp. will post 1.0095345 EPS for the current year.

Acadian Timber Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 15th were paid a $0.29 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $1.16 annualized dividend and a yield of 6.34%. Acadian Timber's payout ratio is 62.37%.

Acadian Timber Company Profile

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.