Atrium Mortgage Investment (TSE:AI) Share Price Breaks Below Two Hundred Day Moving Average – Here’s What Happened

Atrium Mortgage Investment Co. (TSE:AI) shares passed below its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of C$11.75 and traded as low as C$11.38. Atrium Mortgage Investment shares last traded at C$11.44, with a volume of 83,185 shares.

Analyst Upgrades and Downgrades

Separately, Fundamental Research set a C$12.82 target price on Atrium Mortgage Investment and gave the company a “buy” rating in a report on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Strong Buy” and a consensus target price of C$13.16.

Atrium Mortgage Investment Stock Down 2.2%

The company has a debt-to-equity ratio of 55.94, a quick ratio of 102.54 and a current ratio of 3.72. The firm has a market capitalization of C$543.89 million, a PE ratio of 11.36 and a beta of 0.67. The company’s 50 day simple moving average is C$11.55 and its 200-day simple moving average is C$11.75.

Atrium Mortgage Investment Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, August 12th. Investors of record on Wednesday, August 12th were given a $0.0775 dividend. This represents a $0.93 dividend on an annualized basis and a dividend yield of 8.3%. The ex-dividend date was Friday, July 31st. Atrium Mortgage Investment’s dividend payout ratio (DPR) is 93.94%.

About Atrium Mortgage Investment

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.