Atrium Mortgage Investment (TSE:AI) Stock Price Crosses Below 200 Day Moving Average – Should You Sell?

Atrium Mortgage Investment Co. (TSE:AI)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$11.57 and traded as low as C$11.47. Atrium Mortgage Investment shares last traded at C$11.54, with a volume of 81,552 shares changing hands.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a C$13.12 target price on Atrium Mortgage Investment and gave the stock a “buy” rating in a research report on Tuesday, March 17th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of C$13.12.

Atrium Mortgage Investment Trading Down 0.2%

The firm has a market capitalization of C$557.03 million, a price-to-earnings ratio of 11.26 and a beta of 0.76. The business’s 50-day moving average price is C$11.69 and its 200 day moving average price is C$11.57. The company has a debt-to-equity ratio of 67.69, a current ratio of 3.15 and a quick ratio of 102.54.

About Atrium Mortgage Investment

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.