Atrium Mortgage Investment (TSE:AI) Share Price Passes Below Two Hundred Day Moving Average – What’s Next?

Atrium Mortgage Investment Co. (TSE:AI) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$11.82 and traded as low as C$11.50. Atrium Mortgage Investment shares last traded at C$11.52, with a volume of 111,046 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$12.82 price target on Atrium Mortgage Investment and gave the stock a “buy” rating in a research note on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company’s stock. 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 Price Performance

The company has a market cap of C$555.50 million, a PE ratio of 11.61 and a beta of 0.70. The stock has a fifty day moving average price of C$11.85 and a 200-day moving average price of C$11.82. The company has a debt-to-equity ratio of 55.94, a current ratio of 3.72 and a quick ratio of 102.54.

Atrium Mortgage Investment Announces Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, August 12th. Stockholders 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 8.1%. The ex-dividend date of this dividend was Friday, July 31st. Atrium Mortgage Investment’s dividend payout ratio is 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.