Atrium Mortgage Investment (TSE:AI) Shares Cross Below 200-Day Moving Average – Time to Sell?

Atrium Mortgage Investment Co. (TSE:AI)’s share price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$11.78 and traded as low as C$11.20. Atrium Mortgage Investment shares last traded at C$11.22, with a volume of 81,159 shares.

Analyst Ratings Changes

Separately, Fundamental Research set a C$12.82 target price on Atrium Mortgage Investment and gave the stock a “buy” rating in a research note 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. Based on data from MarketBeat, the company has an average rating of “Strong Buy” and an average target price of C$13.16.

Atrium Mortgage Investment Stock Performance

The company has a 50-day simple moving average of C$11.70 and a two-hundred day simple moving average of C$11.78. The company has a debt-to-equity ratio of 55.94, a quick ratio of 102.54 and a current ratio of 3.72. The firm has a market capitalization of C$542.44 million, a P/E ratio of 11.33 and a beta of 0.67.

Atrium Mortgage Investment Announces Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, August 12th. Shareholders of record on Wednesday, August 12th were given a $0.0775 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.3%. The ex-dividend date was Friday, July 31st. Atrium Mortgage Investment’s dividend payout ratio is presently 93.94%.

Atrium Mortgage Investment Company Profile

Atrium is a non-bank provider of residential and commercial mortgages that lends in major urban centres in Canada where the stability and liquidity of real estate are high. Atrium’s objectives are to provide its shareholders with stable and secure dividends and preserve shareholders’ equity by lending within conservative risk parameters. Atrium is a Mortgage Investment Corporation (‘MIC’) as defined in the Canada Income Tax Act, so is not taxed on income provided that its taxable income is paid to its shareholders in the form of dividends within 90 days after December 31 each year.