Acadian Timber (TSE:ADN) Share Price Passes Above 200 Day Moving Average – Time to Sell?

Posted by Ethan Ryder on Nov 12th, 2024

Acadian Timber Corp. (TSE:ADN – Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$17.58 and traded as high as C$17.84. Acadian Timber shares last traded at C$17.75, with a volume of 5,789 shares.

Wall Street Analyst Weigh In

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

Check Out Our Latest Stock Analysis on ADN

Acadian Timber Trading Up 1.8 %

The firm has a market capitalization of C$311.34 million, a PE ratio of 9.54, a PEG ratio of -4.84 and a beta of 0.87. The business has a fifty day moving average price of C$17.75 and a two-hundred day moving average price of C$17.58. 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 issued 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 company had revenue of C$25.96 million during the quarter. Analysts expect that Acadian Timber Corp. will post 1.0095345 EPS for the current fiscal year.

Acadian Timber Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $0.29 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.16 dividend on an annualized basis and a yield of 6.54%. Acadian Timber’s dividend payout ratio (DPR) is presently 62.37%.

About Acadian Timber

(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.