Acadian Timber (TSE:ADN) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Acadian Timber Corp. (TSE:ADN)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$16.51 and traded as high as C$16.90. Acadian Timber shares last traded at C$16.81, with a volume of 21,827 shares traded.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on ADN shares. Raymond James Financial cut their price target on Acadian Timber from C$20.00 to C$18.50 and set an “outperform” rating for the company in a research note on Thursday, October 30th. Royal Bank Of Canada dropped their price objective on Acadian Timber from C$18.00 to C$17.00 and set a “sector perform” rating for the company in a report on Thursday, October 30th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$17.75.

Acadian Timber Stock Down 0.1%

The company has a quick ratio of 1.04, a current ratio of 0.43 and a debt-to-equity ratio of 32.89. The firm has a market capitalization of C$307.22 million, a price-to-earnings ratio of 20.49, a price-to-earnings-growth ratio of -4.84 and a beta of 0.43. The firm has a 50 day moving average of C$15.74 and a two-hundred day moving average of C$16.50.

Acadian Timber (TSE:ADN) last posted its earnings results on Wednesday, October 29th. The company reported C$0.16 EPS for the quarter. The firm had revenue of C$23.02 million during the quarter. Acadian Timber had a net margin of 23.17% and a return on equity of 8.55%. As a group, sell-side analysts anticipate that Acadian Timber Corp. will post 1.0095345 EPS for the current fiscal year.

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.