Acadian Timber (TSE:ADN) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

Shares of Acadian Timber Corp. (TSE:ADN) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$16.31 and traded as high as C$16.98. Acadian Timber shares last traded at C$16.79, with a volume of 7,706 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on ADN shares. Royal Bank Of Canada cut their target price on Acadian Timber from C$18.00 to C$17.00 and set a “sector perform” rating for the company in a research report on Thursday, October 30th. Raymond James Financial dropped their price objective on Acadian Timber from C$20.00 to C$18.50 and set an “outperform” rating for the company in a research note on Thursday, October 30th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$17.75.

Acadian Timber Stock Down 1.0%

The firm has a market capitalization of C$307.04 million, a price-to-earnings ratio of 6.22, a P/E/G ratio of -4.84 and a beta of 0.34. The firm has a fifty day moving average price of C$16.30 and a 200 day moving average price of C$16.30. The company has a current ratio of 0.43, a quick ratio of 1.04 and a debt-to-equity ratio of 32.89.

Acadian Timber (TSE:ADN) last released its quarterly earnings results on Wednesday, February 11th. The company reported C$2.18 earnings per share for the quarter. The firm had revenue of C$21.98 million during the quarter. Acadian Timber had a return on equity of 8.55% and a net margin of 23.17%. Sell-side analysts anticipate that Acadian Timber Corp. will post 1.0095345 EPS for the current fiscal year.

Acadian Timber Company Profile

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.