Acadian Timber (TSE:ADN) Stock Passes Above 200 Day Moving Average – Here’s Why

Posted by Defense World Staff on Nov 21st, 2024

Acadian Timber Corp. (TSE:ADN – Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$17.60 and traded as high as C$17.72. Acadian Timber shares last traded at C$17.72, with a volume of 1,335 shares trading hands.

Analysts Set New Price Targets

Separately, CIBC cut their target price on shares of Acadian Timber from C$22.00 to C$21.00 and set an “outperform” rating for the company in a research note on Thursday, August 1st.

View Our Latest Analysis on Acadian Timber

Acadian Timber Trading Up 0.3 %

The business has a 50 day moving average of C$17.83 and a two-hundred day moving average of C$17.60. The firm has a market cap of C$310.81 million, a P/E ratio of 9.53, a PEG ratio of -4.84 and a beta of 0.87. The company has a current ratio of 0.38, a quick ratio of 1.04 and a debt-to-equity ratio of 33.22.

Acadian Timber (TSE:ADN – Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The company reported C$0.13 EPS for the quarter. Acadian Timber had a net margin of 26.53% and a return on equity of 10.06%. The business had revenue of C$25.96 million for the quarter. Analysts predict that Acadian Timber Corp. will post 1.0095345 earnings per share for the current year.

Acadian Timber Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.16 annualized dividend and a dividend yield of 6.55%. Acadian Timber’s dividend payout ratio is currently 62.37%.

Acadian Timber Company Profile

(Get Free Report)

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.