ADENTRA (TSE:ADEN) Shares Down 5% – Should You Sell?

ADENTRA Inc. (TSE:ADEN)’s share price traded down 5% during mid-day trading on Thursday . The stock traded as low as $36.40 and last traded at $36.70. 51,906 shares changed hands during mid-day trading, a decline of 9% from the average daily volume of 56,862 shares. The stock had previously closed at $38.65.

Analyst Ratings Changes

A number of brokerages recently issued reports on ADEN. Stifel Nicolaus boosted their target price on shares of ADENTRA from C$49.50 to C$51.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Scotiabank reduced their price target on shares of ADENTRA from C$46.00 to C$45.00 and set a “sector outperform” rating for the company in a report on Tuesday, April 28th. National Bank Financial decreased their price target on shares of ADENTRA from C$54.50 to C$52.00 and set an “outperform” rating on the stock in a research report on Friday, March 13th. ATB Cormark Capital Markets boosted their price objective on shares of ADENTRA from C$50.00 to C$61.00 and gave the stock an “outperform” rating in a report on Friday, March 13th. Finally, TD set a C$42.00 price objective on shares of ADENTRA and gave the company a “buy” rating in a research report on Thursday, June 11th. Six equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy”.

ADENTRA Stock Up 0.2%

The company’s 50-day moving average is $34.37 and its 200-day moving average is $35.45. The stock has a market cap of $890.83 million, a price-to-earnings ratio of 13.98 and a beta of 1.60.

ADENTRA Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 31st will be paid a dividend of $0.16 per share. The ex-dividend date is Monday, July 20th. This represents a $0.64 annualized dividend and a dividend yield of 1.7%. ADENTRA’s dividend payout ratio (DPR) is currently 16.79%.

ADENTRA Company Profile

Adentra Inc is a distributor of architectural products to fabricators, home centers and professional dealers servicing the new residential, repair and remodel, and commercial construction end markets. The company operates a network in North America of 86 facilities in the United States and Canada.