Acadian Timber (TSE:ADN) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Acadian Timber Corp. (TSE:ADN) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$17.50 and traded as high as C$18.30. Acadian Timber shares last traded at C$18.18, with a volume of 506 shares traded.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada reduced their price target on shares of Acadian Timber from C$21.00 to C$19.00 and set a “sector perform” rating on the stock in a research report on Tuesday, April 22nd.

Acadian Timber Price Performance

The firm’s 50-day moving average is C$17.37 and its two-hundred day moving average is C$17.50. The company has a market cap of C$321.79 million, a P/E ratio of 11.40, a PEG ratio of -4.84 and a beta of 0.87. The company has a debt-to-equity ratio of 32.89, a current ratio of 0.43 and a quick ratio of 1.04.

Acadian Timber Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 15th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 6.38%. The ex-dividend date was Monday, March 31st. Acadian Timber’s dividend payout ratio is currently 72.71%.

About Acadian Timber

Acadian Timber Corp is a Canada-based supplier of primary forest products in Eastern Canada and the Northeastern United States. The company’s operating segments include NB Timberlands and Maine Timberlands. It generates maximum revenue from the NB Timberlands segment. The company’s product includes softwood and hardwood sawlogs, pulpwood and biomass by-products.