Acadian Timber (TSE:ADN) Stock Price Passes Above 200-Day Moving Average – What’s Next?

Acadian Timber Corp. (TSE:ADN) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$16.31 and traded as high as C$16.98. Acadian Timber shares last traded at C$16.79, with a volume of 7,706 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages recently commented on ADN. Raymond James Financial dropped 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 report on Thursday, October 30th. Royal Bank Of Canada lowered their target price on shares of Acadian Timber from C$18.00 to C$17.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 30th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$17.75.

Acadian Timber Price Performance

The company has a debt-to-equity ratio of 32.89, a current ratio of 0.43 and a quick ratio of 1.04. The stock has a 50 day simple moving average of C$16.30 and a two-hundred day simple moving average of C$16.31. The company has a market cap of C$307.04 million, a price-to-earnings ratio of 6.22, a price-to-earnings-growth ratio of -4.84 and a beta of 0.34.

Acadian Timber (TSE:ADN) last issued its earnings results on Wednesday, February 11th. The company reported C$2.18 earnings per share (EPS) for the quarter. The business had revenue of C$21.98 million during the quarter. Acadian Timber had a return on equity of 8.55% and a net margin of 23.17%. On average, equities research analysts predict that Acadian Timber Corp. will post 1.0095345 earnings per share for the current fiscal 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.