Atrium Mortgage Investment (TSE:AI) Share Price Passes Below 200-Day Moving Average – What’s Next?

Atrium Mortgage Investment Co. (TSE:AI)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$11.70 and traded as low as C$11.67. Atrium Mortgage Investment shares last traded at C$11.70, with a volume of 113,387 shares changing hands.

Analyst Upgrades and Downgrades

AI has been the subject of several recent research reports. Canaccord Genuity Group set a C$13.50 price objective on Atrium Mortgage Investment and gave the company a “buy” rating in a research note on Friday, April 17th. Fundamental Research set a C$13.01 price objective on Atrium Mortgage Investment and gave the company a “buy” rating in a research note on Friday, May 22nd. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company. According to MarketBeat.com, Atrium Mortgage Investment has a consensus rating of “Strong Buy” and an average price target of C$13.26.

Atrium Mortgage Investment Stock Performance

The company has a market cap of C$563.79 million, a price-to-earnings ratio of 11.36 and a beta of 0.72. The firm has a 50-day simple moving average of C$11.87 and a 200 day simple moving average of C$11.71. The company has a quick ratio of 102.54, a current ratio of 3.31 and a debt-to-equity ratio of 63.47.

Atrium Mortgage Investment Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, May 13th. Investors of record on Wednesday, May 13th were paid a $0.0775 dividend. The ex-dividend date was Thursday, April 30th. This represents a c) dividend on an annualized basis and a dividend yield of 7.9%. Atrium Mortgage Investment’s payout ratio is 90.29%.

Atrium Mortgage Investment Company Profile

Atrium Mortgage Investment Corp is a non-banking finance company providing residential and commercial mortgages that lends funds in major urban centres in Canada where the stability and liquidity of real estate are high. Its objectives are to provide its shareholders with stable and secure dividends and preserve shareholders’ equity by lending within conservative risk parameters. The company generates its revenue from mortgage interest and fees.