Atrium Mortgage Investment (TSE:AI) Shares Cross Below 200 Day Moving Average – What’s Next?

Atrium Mortgage Investment Co. (TSE:AI)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$11.82 and traded as low as C$11.65. Atrium Mortgage Investment shares last traded at C$11.72, with a volume of 73,321 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$12.82 price objective on Atrium Mortgage Investment and gave the stock a “buy” rating in a report on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company. According to MarketBeat, Atrium Mortgage Investment has an average rating of “Strong Buy” and a consensus target price of C$13.16.

Atrium Mortgage Investment Trading Down 1.0%

The company has a debt-to-equity ratio of 55.94, a current ratio of 3.72 and a quick ratio of 102.54. The business has a fifty day moving average of C$11.88 and a 200-day moving average of C$11.82. The stock has a market capitalization of C$561.30 million, a price-to-earnings ratio of 11.73 and a beta of 0.70.

Atrium Mortgage Investment Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Wednesday, August 12th. Investors of record on Wednesday, August 12th were paid a dividend of $0.0775 per share. The ex-dividend date of this dividend was Friday, July 31st. This represents a c) annualized dividend and a yield of 8.0%. Atrium Mortgage Investment’s dividend payout ratio is currently 93.94%.

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.