Acadian Timber (TSE:ADN) Reaches New 52-Week Low – Here’s What Happened

Acadian Timber Corp. (TSE:ADN)’s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$14.34 and last traded at C$14.54, with a volume of 12132 shares changing hands. The stock had previously closed at C$14.47.

Wall Street Analyst Weigh In

A number of equities analysts have commented on ADN shares. Royal Bank Of Canada reduced their price objective on shares of Acadian Timber from C$18.00 to C$17.00 and set a “sector perform” rating for the company in a research report on Thursday, October 30th. Raymond James Financial reduced their target price on shares of Acadian Timber from C$20.00 to C$18.50 and set an “outperform” rating for the company in a report on Thursday, October 30th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$17.75.

Acadian Timber Stock 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’s 50-day moving average price is C$16.30 and its 200-day moving average price is C$17.30. The company has a market cap of C$267.36 million, a P/E ratio of 17.83, a PEG ratio of -4.84 and a beta of 0.41.

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.