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

Acadian Timber Corp. (TSE:ADN) shares passed 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.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada lifted their price objective 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 analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$18.25.

Acadian Timber Trading Up 1.5%

The firm’s 50 day moving average is C$17.60 and its 200 day moving average is C$17.20. The company has a market cap of C$326.67 million, a PE ratio of 6.60, a PEG ratio of -4.84 and a beta of 0.36. The company has a debt-to-equity ratio of 30.96, a current ratio of 0.85 and a quick ratio of 1.04.

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