Atrium Mortgage Investment (TSE:AI) Stock Price Passes Above 50-Day Moving Average – Here’s What Happened

Atrium Mortgage Investment Co. (TSE:AI)’s stock price crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$11.40 and traded as high as C$11.71. Atrium Mortgage Investment shares last traded at C$11.64, with a volume of 95,996 shares.

Analyst Upgrades and Downgrades

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

Atrium Mortgage Investment Trading Down 0.3%

The firm has a market capitalization of C$556.53 million, a P/E ratio of 11.19 and a beta of 0.66. The company has a 50-day moving average of C$11.40 and a 200-day moving average of C$11.51.

Atrium Mortgage Investment Dividend Announcement

The business also recently announced a oct 25 dividend, which was paid on Thursday, November 13th. Investors of record on Thursday, November 13th were issued a $0.0775 dividend. The ex-dividend date was Friday, October 31st. This represents a yield of 819.0%. Atrium Mortgage Investment’s dividend payout ratio is presently 88.94%.

Atrium Mortgage Investment Company Profile

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.