Acadian Timber (TSE:ADN) Share Price Passes Above 200 Day Moving Average – Here’s What Happened

Acadian Timber Corp. (TSE:ADN)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$17.31 and traded as high as C$17.96. Acadian Timber shares last traded at C$17.90, with a volume of 11,201 shares trading hands.

Acadian Timber Stock Performance

The company has a quick ratio of 1.04, a current ratio of 0.20 and a debt-to-equity ratio of 32.25. The stock has a market cap of C$336.18 million, a price-to-earnings ratio of 6.86, a PEG ratio of -4.84 and a beta of 0.42. The stock’s fifty day moving average is C$17.36 and its 200-day moving average is C$17.31.

Acadian Timber (TSE:ADN) last announced its quarterly earnings results on Wednesday, August 5th. The company reported C$0.07 earnings per share for the quarter. The company had revenue of C$14.56 million for the quarter. Acadian Timber had a net margin of 57.17% and a return on equity of 13.35%. On average, analysts forecast that Acadian Timber Corp. will post 1.0095345 EPS for the current year.

About Acadian Timber

Acadian Timber Corp. (‘Acadian’) is one of the largest timberland owners in Eastern Canada and the Northeastern U.S. We own and manage 775,000 acres of freehold timberlands in New Brunswick and approximately 300,000 acres of freehold timberlands in Maine. Acadian also provides timber services relating to 1.3 million acres of Crown licensed timberlands in New Brunswick. Our primary business is the production of softwood and hardwood sawlogs, pulpwood, and biomass by-products, sold to approximately 85 regional customers.