Atrium Mortgage Investment (TSE:AI) Shares Pass Below 200-Day Moving Average – Here’s What Happened

Atrium Mortgage Investment Co. (TSE:AI) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$11.55 and traded as low as C$11.44. Atrium Mortgage Investment shares last traded at C$11.48, with a volume of 277,538 shares changing hands.

Analyst Upgrades and Downgrades

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

Atrium Mortgage Investment Price Performance

The firm’s fifty day moving average is C$11.59 and its two-hundred day moving average is C$11.55. The firm has a market cap of C$548.88 million, a price-to-earnings ratio of 11.04 and a beta of 0.71.

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.