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

Shares of Acadian Timber Corp. (TSE:ADN) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$17.24 and traded as high as C$17.41. Acadian Timber shares last traded at C$17.17, with a volume of 11,198 shares.

Acadian Timber Price Performance

The stock’s fifty day moving average price is C$17.60 and its 200 day moving average price is C$17.24. The company has a current ratio of 0.20, a quick ratio of 1.04 and a debt-to-equity ratio of 32.25. The stock has a market cap of C$320.22 million, a P/E ratio of 6.53, a price-to-earnings-growth ratio of -4.84 and a beta of 0.36.

Acadian Timber (TSE:ADN) last posted its quarterly earnings data on Wednesday, August 5th. The company reported C$0.07 earnings per share (EPS) for the quarter. Acadian Timber had a net margin of 57.17% and a return on equity of 13.35%. The company had revenue of C$14.56 million during the quarter. As a group, 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. (‘Acadian’) is one of the largest timberland owners in Eastern Canada and the Northeastern U.S. We own and manage 775,000 acres of freehold timberlands in New Brunswick and approximately 300,000 acres of freehold timberlands in Maine. Acadian also provides timber services relating to 1.3 million acres of Crown licensed timberlands in New Brunswick. Our primary business is the production of softwood and hardwood sawlogs, pulpwood, and biomass by-products, sold to approximately 85 regional customers.