Atrium Mortgage Investment (TSE:AI) Shares Cross Below 200-Day Moving Average of $12.60

Shares of Atrium Mortgage Investment Co. (TSE:AIGet Rating) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$12.60 and traded as low as C$11.40. Atrium Mortgage Investment shares last traded at C$11.45, with a volume of 37,594 shares changing hands.

Wall Street Analyst Weigh In

AI has been the subject of several analyst reports. TD Securities raised Atrium Mortgage Investment from a “hold” rating to a “buy” rating and upped their target price for the stock from C$13.50 to C$14.00 in a research report on Thursday, August 18th. Fundamental Research reaffirmed a “buy” rating and issued a C$13.90 target price (down previously from C$14.28) on shares of Atrium Mortgage Investment in a research report on Tuesday, August 30th.

Atrium Mortgage Investment Stock Performance

The company has a quick ratio of 93.60, a current ratio of 93.61 and a debt-to-equity ratio of 72.31. The company has a 50 day moving average of C$11.83 and a 200 day moving average of C$12.60. The firm has a market cap of C$493.37 million and a price-to-earnings ratio of 11.45.

Atrium Mortgage Investment (TSE:AIGet Rating) last released its quarterly earnings results on Wednesday, August 10th. The company reported C$0.25 EPS for the quarter. The business had revenue of C$18.20 million during the quarter. As a group, equities research analysts expect that Atrium Mortgage Investment Co. will post 1.0399999 EPS for the current fiscal year.

Insider Buying and Selling at Atrium Mortgage Investment

In other Atrium Mortgage Investment news, Director Robert Goodall sold 8,800 shares of the company’s stock in a transaction that occurred on Tuesday, August 23rd. The stock was sold at an average price of C$12.15, for a total transaction of C$106,920.00. Following the sale, the director now owns 107,290 shares in the company, valued at C$1,303,573.50.

About Atrium Mortgage Investment

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Atrium Mortgage Investment Corporation, a non-bank lender, provides financing solutions to the real estate communities in Ontario, Alberta, and British Columbia. It offers various types of mortgage loans for residential, multi-residential, and commercial real properties, which includes first and second mortgages; infill construction and financing; land and land assembly financing for stacked and traditional townhomes, single detached homes, and low-rise and midrise condominiums; and bridge and term financing.

Further Reading

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