Shares of Atrium Mortgage Investment Co. (TSE:AI – Get 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.
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
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.
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