Atrium Mortgage Investment (TSE:AI) Stock Passes Below Two Hundred Day Moving Average of $11.21

Atrium Mortgage Investment Co. (TSE:AI – Get Rating) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$11.21 and traded as low as C$10.95. Atrium Mortgage Investment shares last traded at C$10.96, with a volume of 27,532 shares traded.

Analyst Upgrades and Downgrades

Separately, Fundamental Research reiterated a “buy” rating and set a C$13.55 price target (down previously from C$13.90) on shares of Atrium Mortgage Investment in a research report on Tuesday, November 22nd.

Atrium Mortgage Investment Trading Down 1.6 %

The company’s 50-day moving average is C$10.92 and its 200-day moving average is C$11.21. The firm has a market cap of C$473.44 million and a price-to-earnings ratio of 10.85. The company has a debt-to-equity ratio of 79.61, a quick ratio of 102.54 and a current ratio of 102.56.

Atrium Mortgage Investment (TSE:AI – Get Rating) last released its earnings results on Tuesday, November 8th. The company reported C$0.27 earnings per share (EPS) for the quarter. The business had revenue of C$20.63 million for the quarter. On average, research analysts predict that Atrium Mortgage Investment Co. will post 1.05 earnings per share for the current year.

Atrium Mortgage Investment Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, February 10th. Shareholders of record on Tuesday, January 31st will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Monday, January 30th. This represents a $0.90 dividend on an annualized basis and a yield of 8.21%. Atrium Mortgage Investment’s payout ratio is presently 89.11%.

Atrium Mortgage Investment Company Profile

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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.