Acadian Timber (TSE:ADN) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

Acadian Timber Corp. (TSE:ADN) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$16.91 and traded as high as C$17.76. Acadian Timber shares last traded at C$17.69, with a volume of 4,191 shares.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada boosted their target price 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 assigned a Hold rating to the company. According to MarketBeat, Acadian Timber has an average rating of “Moderate Buy” and an average price target of C$18.25.

Acadian Timber Price Performance

The company has a 50 day moving average price of C$17.49 and a 200 day moving average price of C$16.91. The company has a market capitalization of C$326.49 million, a price-to-earnings ratio of 6.60, a PEG ratio of -4.84 and a beta of 0.38. The company has a current ratio of 0.85, a quick ratio of 1.04 and a debt-to-equity ratio of 30.96.

Acadian Timber (TSE:ADN) last released its earnings results on Wednesday, May 6th. The company reported C$0.19 earnings per share for the quarter. The firm had revenue of C$23.41 million for the quarter. Acadian Timber had a return on equity of 13.97% and a net margin of 57.04%. As a group, equities research analysts forecast 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.