Acadian Timber (TSE:ADN) Shares Pass Above 200-Day Moving Average – What’s Next?

Shares of 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$17.04 and traded as high as C$17.41. Acadian Timber shares last traded at C$17.33, with a volume of 8,786 shares changing hands.

Analysts Set New Price Targets

Separately, Royal Bank Of Canada increased their price objective on Acadian Timber from C$17.00 to C$18.00 and gave the stock a “sector perform” rating in a research report on Thursday, April 16th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Acadian Timber currently has an average rating of “Moderate Buy” and a consensus price target of C$18.25.

Acadian Timber Stock Up 1.1%

The company has a market capitalization of C$326.30 million, a price-to-earnings ratio of 6.60, a PEG ratio of -4.84 and a beta of 0.36. The company has a current ratio of 0.85, a quick ratio of 1.04 and a debt-to-equity ratio of 30.96. The firm’s 50 day simple moving average is C$17.54 and its 200-day simple moving average is C$17.06.

Acadian Timber (TSE:ADN) last released its earnings results on Wednesday, May 6th. The company reported C$0.19 EPS for the quarter. The company had revenue of C$23.41 million during the quarter. Acadian Timber had a net margin of 57.04% and a return on equity of 13.97%. On average, 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.