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

Atrium Mortgage Investment Co. (TSE:AI)’s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$11.55 and traded as low as C$11.44. Atrium Mortgage Investment shares last traded at C$11.48, with a volume of 277,538 shares trading hands.

Analyst Ratings Changes

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

Atrium Mortgage Investment Stock Performance

The firm has a market capitalization of C$548.88 million, a P/E ratio of 11.04 and a beta of 0.71. The firm has a 50 day moving average price of C$11.59 and a two-hundred day moving average price of C$11.55.

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.