Atrium Mortgage Investment (TSE:AI) Sets New 52-Week High – Here’s Why

Atrium Mortgage Investment Co. (TSE:AIGet Free Report)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$12.05 and last traded at C$11.98, with a volume of 14333 shares. The stock had previously closed at C$12.01.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$13.00 price target on Atrium Mortgage Investment and gave the stock a “buy” rating in a research report on Tuesday, November 18th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$13.00.

View Our Latest Stock Report on AI

Atrium Mortgage Investment Trading Down 0.6%

The stock has a 50-day moving average price of C$11.67 and a 200 day moving average price of C$11.56. The stock has a market capitalization of C$570.88 million, a price-to-earnings ratio of 11.48 and a beta of 0.65.

About Atrium Mortgage Investment

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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.

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