Acadian Timber (TSE:ADN) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

Acadian Timber Corp. (TSE:ADN)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$17.50 and traded as high as C$17.78. Acadian Timber shares last traded at C$17.78, with a volume of 4,912 shares traded.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada cut their target price 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 note on Tuesday, April 22nd.

Acadian Timber Stock Up 0.4%

The company has a quick ratio of 1.04, a current ratio of 0.43 and a debt-to-equity ratio of 32.89. The firm has a 50 day moving average price of C$17.75 and a two-hundred day moving average price of C$17.50. The company has a market capitalization of C$314.71 million, a price-to-earnings ratio of 11.14, a P/E/G ratio of -4.84 and a beta of 0.87.

Acadian Timber Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 15th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 6.52%. The ex-dividend date of this dividend is Monday, June 30th. Acadian Timber’s 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.