Acadian Timber (TSE:ADN) Stock Passes Above 200 Day Moving Average – What’s Next?

Acadian Timber Corp. (TSE:ADN) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$16.98 and traded as high as C$17.89. Acadian Timber shares last traded at C$17.68, with a volume of 4,133 shares traded.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada increased their price target on Acadian Timber from C$17.00 to C$18.00 and gave the company a “sector perform” rating in a research note on Thursday, April 16th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, Acadian Timber presently has an average rating of “Moderate Buy” and a consensus target price of C$18.25.

Acadian Timber Price Performance

The firm has a market cap of C$326.30 million, a P/E ratio of 6.60, a P/E/G ratio of -4.84 and a beta of 0.36. The company has a quick ratio of 1.04, a current ratio of 0.85 and a debt-to-equity ratio of 30.96. The business’s 50 day moving average is C$17.53 and its two-hundred day moving average is C$16.98.

Acadian Timber (TSE:ADN) last issued its quarterly earnings results on Wednesday, May 6th. The company reported C$0.19 EPS for the quarter. Acadian Timber had a net margin of 57.04% and a return on equity of 13.97%. The business had revenue of C$23.41 million for the quarter. As a group, analysts anticipate that Acadian Timber Corp. will post 1.0095345 earnings per share for the current year.

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.