Atrium Mortgage Investment (TSE:AI) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

Atrium Mortgage Investment Co. (TSE:AI) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$11.70 and traded as low as C$11.67. Atrium Mortgage Investment shares last traded at C$11.70, with a volume of 113,387 shares.

Analyst Ratings Changes

AI has been the topic of a number of research analyst reports. Fundamental Research set a C$13.01 target price on Atrium Mortgage Investment and gave the stock a “buy” rating in a research report on Friday, May 22nd. Canaccord Genuity Group set a C$13.50 target price on Atrium Mortgage Investment and gave the stock a “buy” rating in a research report on Friday, April 17th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. According to data from MarketBeat, Atrium Mortgage Investment presently has an average rating of “Strong Buy” and an average price target of C$13.26.

Atrium Mortgage Investment Price Performance

The stock has a 50-day moving average price of C$11.86 and a 200 day moving average price of C$11.70. The company has a debt-to-equity ratio of 63.47, a current ratio of 3.31 and a quick ratio of 102.54. The firm has a market cap of C$563.79 million, a price-to-earnings ratio of 11.36 and a beta of 0.72.

Atrium Mortgage Investment Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Wednesday, May 13th. Stockholders of record on Wednesday, May 13th were given a dividend of $0.0775 per share. The ex-dividend date was Thursday, April 30th. This represents a c) dividend on an annualized basis and a dividend yield of 7.9%. Atrium Mortgage Investment’s payout ratio is 90.29%.

About Atrium Mortgage Investment

Atrium Mortgage Investment Corp is a non-banking finance company providing residential and commercial mortgages that lends funds in major urban centres in Canada where the stability and liquidity of real estate are high. Its objectives are to provide its shareholders with stable and secure dividends and preserve shareholders’ equity by lending within conservative risk parameters. The company generates its revenue from mortgage interest and fees.