Acadian Timber (TSE:ADN) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Shares of Acadian Timber Corp. (TSE:ADN) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$17.19 and traded as high as C$18.01. Acadian Timber shares last traded at C$17.74, with a volume of 5,555 shares traded.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada increased 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 note on Thursday, April 16th. One research 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 a consensus price target of C$18.25.

Acadian Timber Price Performance

The stock has a 50-day simple moving average of C$17.61 and a 200 day simple moving average of C$17.19. The company has a market cap of C$327.41 million, a PE ratio of 6.62, a P/E/G ratio of -4.84 and a beta of 0.36. The company has a quick ratio of 1.04, a current ratio of 0.85 and a debt-to-equity ratio of 30.96.

Acadian Timber (TSE:ADN) last released its quarterly earnings results on Wednesday, August 5th. The company reported C$0.07 earnings per share for the quarter. The business had revenue of C$14.56 million during the quarter. Acadian Timber had a return on equity of 13.97% and a net margin of 57.04%. Equities analysts expect that Acadian Timber Corp. will post 1.0095345 EPS for the current year.

About Acadian Timber

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.