Atrium Mortgage Investment (TSE:AI) Sets New 12-Month High – Should You Buy?

Atrium Mortgage Investment Co. (TSE:AI) reached a new 52-week high during trading on Tuesday . The stock traded as high as C$11.89 and last traded at C$11.87, with a volume of 113589 shares changing hands. The stock had previously closed at C$11.77.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$13.00 target price on Atrium Mortgage Investment and gave the stock a “buy” rating in a report on Tuesday, November 18th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Atrium Mortgage Investment presently has a consensus rating of “Buy” and an average target price of C$13.00.

Atrium Mortgage Investment Trading Up 0.8%

The company’s 50-day simple moving average is C$11.62 and its 200 day simple moving average is C$11.55. The stock has a market cap of C$567.05 million, a P/E ratio of 11.40 and a beta of 0.65.

Atrium Mortgage Investment Company Profile

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.