Acadian Timber (TSE:ADN) Stock Price Passes Above Two Hundred Day Moving Average of $16.95

Acadian Timber Corp. (TSE:ADN) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$16.95 and traded as high as C$17.82. Acadian Timber shares last traded at C$17.75, with a volume of 4,086 shares.

Analyst Ratings Changes

ADN has been the topic of several research analyst reports. Raymond James raised their price objective on Acadian Timber from C$18.50 to C$20.00 in a report on Friday, May 10th. Royal Bank of Canada lifted their price target on shares of Acadian Timber from C$18.00 to C$20.00 in a research note on Friday, May 10th. Finally, CIBC upgraded shares of Acadian Timber from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from C$17.00 to C$20.00 in a research report on Thursday, April 11th.

Acadian Timber Price Performance

The company has a 50-day moving average of C$17.44 and a 200 day moving average of C$16.97. The company has a quick ratio of 1.04, a current ratio of 0.44 and a debt-to-equity ratio of 36.66. The stock has a market capitalization of C$305.72 million, a PE ratio of 10.10, a PEG ratio of -4.84 and a beta of 0.87.

Acadian Timber Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Sunday, June 30th will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 6.60%. The ex-dividend date is Friday, June 28th. Acadian Timber’s dividend payout ratio is currently 66.67%.

About Acadian Timber

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.