Acadian Timber (TSE:ADN) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Acadian Timber Corp. (TSE:ADN)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$16.98 and traded as high as C$17.89. Acadian Timber shares last traded at C$17.68, with a volume of 4,133 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada raised their target price on 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 data from MarketBeat.com, Acadian Timber presently has an average rating of “Moderate Buy” and a consensus target price of C$18.25.

Acadian Timber Price Performance

The company has a debt-to-equity ratio of 30.96, a quick ratio of 1.04 and a current ratio of 0.85. The company’s 50 day moving average price is C$17.53 and its 200-day moving average price is C$16.98. The company has a market cap of C$326.30 million, a price-to-earnings ratio of 6.60, a PEG ratio of -4.84 and a beta of 0.36.

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