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

Atrium Mortgage Investment Co. (TSE:AI)’s stock price crossed 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 trading hands.

Wall Street Analysts Forecast Growth

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

Atrium Mortgage Investment Price Performance

The company has a market capitalization of C$563.79 million, a PE ratio of 11.36 and a beta of 0.72. The company has a current ratio of 3.31, a quick ratio of 102.54 and a debt-to-equity ratio of 63.47. The stock has a fifty day simple moving average of C$11.86 and a 200-day simple moving average of C$11.70.

Atrium Mortgage Investment Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Wednesday, May 13th. Shareholders of record on Wednesday, May 13th were issued a dividend of $0.0775 per share. This represents a c) dividend on an annualized basis and a yield of 7.9%. The ex-dividend date of this dividend was Thursday, April 30th. 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.