ADENTRA (TSE:ADEN) Hits New 12-Month Low – What’s Next?

ADENTRA Inc. (TSE:ADEN)’s stock price reached a new 52-week low during trading on Monday . The stock traded as low as $31.16 and last traded at $31.16, with a volume of 5832 shares changing hands. The stock had previously closed at $32.02.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. CIBC lowered their price target on shares of ADENTRA from C$53.00 to C$49.00 in a report on Wednesday, January 15th. Raymond James set a C$60.00 price objective on shares of ADENTRA and gave the company a “strong-buy” rating in a research note on Friday, December 20th. Finally, Acumen Capital decreased their price objective on shares of ADENTRA from C$56.00 to C$54.00 in a report on Friday, November 15th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and an average target price of $54.57.

ADENTRA Trading Up 0.2 %

The firm has a 50-day moving average price of $34.49 and a 200-day moving average price of $38.03. The company has a market capitalization of $548.58 million, a price-to-earnings ratio of 10.59 and a beta of 1.57.

ADENTRA Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 31st were given a $0.15 dividend. The ex-dividend date was Monday, January 20th. This is a boost from ADENTRA’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a yield of 1.93%. ADENTRA’s payout ratio is 19.10%.

ADENTRA Company Profile

ADENTRA Inc engages in the wholesale distribution of architectural building products to the residential, repair and remodel, and commercial construction markets in Canada and the United States. It offers doors, decorative surfaces, moldings, stair parts, hardwood lumber, hardwood plywood, composite panels, and other building products to industrial manufacturers, home builder distribution yards, and home centers.