Atrium Mortgage Investment (TSE:AI) Stock Passes Below Two Hundred Day Moving Average – What’s Next?

Atrium Mortgage Investment Co. (TSE:AI)’s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$11.57 and traded as low as C$11.47. Atrium Mortgage Investment shares last traded at C$11.54, with a volume of 81,552 shares traded.

Analysts Set New Price Targets

Separately, Fundamental Research set a C$13.12 target price on Atrium Mortgage Investment and gave the stock a “buy” rating in a report on Tuesday, March 17th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of C$13.12.

Atrium Mortgage Investment Price Performance

The company has a debt-to-equity ratio of 67.69, a current ratio of 3.15 and a quick ratio of 102.54. The company has a market cap of C$554.15 million, a PE ratio of 11.20 and a beta of 0.76. The company has a 50-day moving average price of C$11.69 and a two-hundred day moving average price of C$11.57.

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.