Atrium Mortgage Investment (TSE:AI) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Atrium Mortgage Investment Co. (TSE:AI)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$11.17 and traded as low as C$11.04. Atrium Mortgage Investment shares last traded at C$11.10, with a volume of 72,899 shares traded.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$13.03 target price on Atrium Mortgage Investment and gave the stock a “buy” rating in a research report on Tuesday, August 20th.

Atrium Mortgage Investment Stock Down 0.1 %

The stock has a fifty day moving average price of C$11.37 and a 200 day moving average price of C$11.17. The company has a debt-to-equity ratio of 78.58, a current ratio of 62.51 and a quick ratio of 102.54. The stock has a market capitalization of C$501.30 million, a P/E ratio of 10.83 and a beta of 1.21.

Atrium Mortgage Investment Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, December 12th. Investors of record on Friday, November 29th will be paid a dividend of $0.075 per share. This represents a $0.90 annualized dividend and a yield of 7.99%. The ex-dividend date of this dividend is Friday, November 29th. Atrium Mortgage Investment’s dividend payout ratio is 86.54%.

Atrium Mortgage Investment Company Profile

Atrium Mortgage Investment Corporation, a mortgage lender, provides residential and commercial mortgages services in Canada. It offers various types of mortgage loans, such as land and development financing, construction and mezzanine financing, and commercial term and bridge financing services for residential, multi-residential, and commercial real properties.