ADENTRA (TSE:ADEN) Shares Down 3%

Shares of ADENTRA Inc. (TSE:ADEN) traded down 3% on Friday . The stock traded as low as $35.51 and last traded at $35.62. 46,973 shares were traded during trading, a decline of 34% from the average session volume of 70,659 shares. The stock had previously closed at $36.72.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. National Bankshares upped their target price on shares of ADENTRA from C$51.50 to C$53.00 and gave the company an “outperform” rating in a research note on Thursday, June 13th. Scotiabank set a C$51.00 price objective on ADENTRA and gave the company an “outperform” rating in a report on Thursday, June 13th.

ADENTRA Trading Down 3.0 %

The firm’s 50 day simple moving average is $31.84 and its two-hundred day simple moving average is $28.05.

ADENTRA Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 26th. Investors of record on Friday, July 26th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend is Monday, July 15th. ADENTRA’s dividend payout ratio is presently 19.67%.

About ADENTRA

ADENTRA Inc engages in the wholesale distribution of architectural building products to the residential, repair and remodel, and commercial construction markets in Canada and the United States. It offers doors, decorative surfaces, moldings, stair parts, hardwood lumber, hardwood plywood, composite panels, and other building products to industrial manufacturers, home builder distribution yards, and home centers.