Atrium Mortgage Investment (TSE:AI) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Shares of Atrium Mortgage Investment Co. (TSE:AI) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$11.17 and traded as low as C$11.04. Atrium Mortgage Investment shares last traded at C$11.10, with a volume of 72,899 shares.

Analysts Set New Price Targets

Separately, Fundamental Research set a C$13.03 target price on Atrium Mortgage Investment and gave the stock a “buy” rating in a report on Tuesday, August 20th.

Atrium Mortgage Investment Price Performance

The company has a debt-to-equity ratio of 78.58, a quick ratio of 102.54 and a current ratio of 62.51. The company has a market cap of C$501.30 million, a price-to-earnings ratio of 10.83 and a beta of 1.21. The business has a fifty day moving average price of C$11.37 and a 200 day moving average price of C$11.17.

Atrium Mortgage Investment Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Friday, November 29th will be issued a $0.075 dividend. The ex-dividend date is Friday, November 29th. This represents a $0.90 dividend on an annualized basis and a yield of 7.99%. Atrium Mortgage Investment’s payout ratio is presently 86.54%.

Atrium Mortgage Investment Company Profile

Atrium Mortgage Investment Corporation, a mortgage lender, provides residential and commercial mortgages services in Canada. It offers various types of mortgage loans, such as land and development financing, construction and mezzanine financing, and commercial term and bridge financing services for residential, multi-residential, and commercial real properties.