Atrium Mortgage Investment (TSE:AI) Share Price Passes Below 200 Day Moving Average of $11.01

Atrium Mortgage Investment Co. (TSE:AI)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$11.01 and traded as low as C$10.59. Atrium Mortgage Investment shares last traded at C$10.65, with a volume of 15,103 shares changing hands.

Atrium Mortgage Investment Price Performance

The firm has a market cap of C$471.90 million, a P/E ratio of 9.34 and a beta of 1.21. The business has a 50-day simple moving average of C$10.98 and a 200 day simple moving average of C$11.01. The company has a debt-to-equity ratio of 77.81, a quick ratio of 102.54 and a current ratio of 41.61.

Atrium Mortgage Investment (TSE:AI) last announced its earnings results on Tuesday, May 14th. The company reported C$0.27 EPS for the quarter. The company had revenue of C$25.19 million during the quarter. Atrium Mortgage Investment had a return on equity of 10.75% and a net margin of 83.38%. On average, analysts anticipate that Atrium Mortgage Investment Co. will post 1.1699687 earnings per share for the current fiscal year.

Atrium Mortgage Investment Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be given a $0.075 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.90 annualized dividend and a dividend yield of 8.45%. Atrium Mortgage Investment’s dividend payout ratio is 78.95%.

About Atrium Mortgage Investment

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.