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

Shares of Acadian Timber Corp. (TSE:ADN) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$16.48 and traded as high as C$17.96. Acadian Timber shares last traded at C$17.78, with a volume of 14,346 shares changing hands.

Analyst Ratings Changes

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

Acadian Timber Trading Down 1.2%

The company’s 50-day moving average price is C$17.19 and its 200-day moving average price is C$16.48. The company has a debt-to-equity ratio of 30.96, a quick ratio of 1.04 and a current ratio of 0.85. The firm has a market capitalization of C$324.09 million, a PE ratio of 6.55, a PEG ratio of -4.84 and a beta of 0.28.

Acadian Timber (TSE:ADN) last posted its earnings results on Wednesday, May 6th. The company reported C$0.19 earnings per share for the quarter. The company had revenue of C$23.41 million for the quarter. Acadian Timber had a net margin of 57.04% and a return on equity of 13.97%. On average, sell-side analysts expect that Acadian Timber Corp. will post 1.0095345 earnings per share for the current year.

Acadian Timber Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 15th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 6.6%. The ex-dividend date was Tuesday, March 31st. Acadian Timber’s dividend payout ratio is 43.28%.

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.