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

Atrium Mortgage Investment Co. (TSE:AI – Get Rating)’s share price 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 changing hands.

Wall Street Analyst Weigh In

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

Atrium Mortgage Investment Stock Down 1.0 %

The company has a debt-to-equity ratio of 79.69, a current ratio of 42.48 and a quick ratio of 102.54. The firm’s 50-day moving average price is C$11.86 and its 200 day moving average price is C$11.50. The firm has a market cap of C$484.51 million, a P/E ratio of 9.92 and a beta of 1.16.

Atrium Mortgage Investment Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 13th. Stockholders of record on Wednesday, May 31st will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Tuesday, May 30th. This represents a $0.90 annualized dividend and a dividend yield of 8.10%. Atrium Mortgage Investment’s payout ratio is 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.