Atrium Mortgage Investment (TSE:AI) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened

Atrium Mortgage Investment Co. (TSE:AI)’s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 changing hands.

Wall Street Analyst Weigh In

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

Atrium Mortgage Investment Price Performance

The stock has a 50 day moving average of C$11.38 and a 200-day moving average of C$11.17. The company has a current ratio of 62.51, a quick ratio of 102.54 and a debt-to-equity ratio of 78.58. The stock has a market capitalization of C$494.17 million, a P/E ratio of 10.67 and a beta of 1.21.

Atrium Mortgage Investment Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Friday, November 29th will be paid a $0.075 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.90 dividend on an annualized basis and a yield of 8.11%. Atrium Mortgage Investment’s dividend payout ratio is currently 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.