Atrium Mortgage Investment (TSE:AI) Stock Price Passes Below Two Hundred Day Moving Average of $11.50

Atrium Mortgage Investment Co. (TSE:AI – Get Rating) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$11.50 and traded as low as C$11.20. Atrium Mortgage Investment shares last traded at C$11.20, with a volume of 32,063 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$13.86 price target on shares of Atrium Mortgage Investment and gave the company a “buy” rating in a research note on Wednesday, May 17th.

Atrium Mortgage Investment Price Performance

The stock’s fifty day moving average price is C$11.90 and its two-hundred day moving average price is C$11.50. The firm has a market capitalization of C$488.43 million, a price-to-earnings ratio of 10.00 and a beta of 1.16. The company has a current ratio of 42.48, a quick ratio of 102.54 and a debt-to-equity ratio of 79.69.

Atrium Mortgage Investment Announces Dividend

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The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, June 13th. Shareholders of record on Wednesday, May 31st will be given a dividend of $0.075 per share. This represents a $0.90 annualized dividend and a yield of 8.04%. The ex-dividend date is Tuesday, May 30th. Atrium Mortgage Investment’s payout ratio is currently 80.36%.

About Atrium Mortgage Investment

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Atrium Mortgage Investment Corporation, a non-bank lender, provides financing solutions to the real estate communities in Ontario, Alberta, and British Columbia. It offers various types of mortgage loans for residential, multi-residential, and commercial real properties, which includes first and second mortgages; infill construction and financing; land and land assembly financing for stacked and traditional townhomes, single detached homes, and low-rise and midrise condominiums; and bridge and term financing.