Atrium Mortgage Investment (TSE:AI) Stock Passes Below 200 Day Moving Average – Time to Sell?

Atrium Mortgage Investment Co. (TSE:AI)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$11.80 and traded as low as C$11.30. Atrium Mortgage Investment shares last traded at C$11.40, with a volume of 77,401 shares trading hands.

Wall Street Analyst Weigh In

Separately, Fundamental Research set a C$12.82 target price on shares of Atrium Mortgage Investment and gave the stock a “buy” rating in a research note on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Strong Buy” and an average price target of C$13.16.

Atrium Mortgage Investment Stock Up 0.6%

The company has a 50 day moving average price of C$11.78 and a two-hundred day moving average price of C$11.80. The company has a debt-to-equity ratio of 55.94, a current ratio of 3.72 and a quick ratio of 102.54. The stock has a market cap of C$554.53 million, a PE ratio of 11.59 and a beta of 0.67.

Atrium Mortgage Investment Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Wednesday, August 12th. Shareholders of record on Wednesday, August 12th were given a $0.0775 dividend. The ex-dividend date of this dividend was Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 8.1%. Atrium Mortgage Investment’s payout ratio is 93.94%.

Atrium Mortgage Investment Company Profile

Atrium is a non-bank provider of residential and commercial mortgages that lends in major urban centres in Canada where the stability and liquidity of real estate are high. Atrium’s objectives are to provide its shareholders with stable and secure dividends and preserve shareholders’ equity by lending within conservative risk parameters. Atrium is a Mortgage Investment Corporation (‘MIC’) as defined in the Canada Income Tax Act, so is not taxed on income provided that its taxable income is paid to its shareholders in the form of dividends within 90 days after December 31 each year.