Acadian Timber (TSE:ADN) Share Price Breaks Below 200 Day Moving Average – Should You Sell?
by Doug Wharley · The Cerbat GemAcadian Timber Corp. (TSE:ADN – Get Free Report) shares passed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of C$17.21 and traded as low as C$17.10. Acadian Timber shares last traded at C$17.20, with a volume of 2,554 shares traded.
Acadian Timber Stock Down 0.3%
The company has a debt-to-equity ratio of 31.66, a current ratio of 0.20 and a quick ratio of 1.04. The company has a market cap of C$325.94 million, a P/E ratio of 6.42, a PEG ratio of -4.84 and a beta of 0.16. The stock has a 50-day moving average of C$17.23 and a 200 day moving average of C$17.21.
Acadian Timber (TSE:ADN – Get Free Report) last posted its quarterly earnings data on Wednesday, October 28th. The company reported C$0.23 earnings per share for the quarter. The business had revenue of C$24.02 million during the quarter. Acadian Timber had a net margin of 58.22% and a return on equity of 13.52%. Research analysts anticipate that Acadian Timber Corp. will post 1.01 earnings per share for the current 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.