Atrium Mortgage Investment (TSE:AI) Stock Crosses Above 50-Day Moving Average – Here’s Why

Atrium Mortgage Investment Co. (TSE:AI) shares crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$11.41 and traded as high as C$11.69. Atrium Mortgage Investment shares last traded at C$11.65, with a volume of 101,313 shares trading hands.

Analysts Set New Price Targets

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

Atrium Mortgage Investment Stock Performance

The stock’s 50-day moving average price is C$11.41 and its two-hundred day moving average price is C$11.52. The stock has a market capitalization of C$557.01 million, a PE ratio of 11.20 and a beta of 0.71.

Atrium Mortgage Investment Announces Dividend

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

About Atrium Mortgage Investment

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.