Atrium Mortgage Investment (TSE:AI) Stock Price Passes Below 200-Day Moving Average – Time to Sell?

Atrium Mortgage Investment Co. (TSE:AI) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$11.46 and traded as low as C$11.36. Atrium Mortgage Investment shares last traded at C$11.39, with a volume of 121,722 shares changing hands.

Analyst Ratings Changes

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

Atrium Mortgage Investment Price Performance

The company has a market cap of C$544.58 million, a PE ratio of 10.95 and a beta of 0.68. The company has a 50-day moving average price of C$11.40 and a two-hundred day moving average price of C$11.46.

Atrium Mortgage Investment Announces Dividend

The business also recently declared a oct 25 dividend, which was paid on Thursday, November 13th. Shareholders of record on Thursday, November 13th were issued a $0.0775 dividend. This represents a yield of 819.0%. The ex-dividend date was Friday, October 31st. Atrium Mortgage Investment’s dividend payout ratio is currently 88.94%.

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.