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

Atrium Mortgage Investment Co. (TSE:AI)’s stock price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$11.25 and traded as high as C$11.42. Atrium Mortgage Investment shares last traded at C$11.38, with a volume of 69,667 shares trading hands.

Analyst Ratings Changes

Separately, Fundamental Research set a C$13.03 target price on Atrium Mortgage Investment and gave the company a “buy” rating in a research report on Tuesday, August 20th.

Atrium Mortgage Investment Price Performance

The stock has a market capitalization of C$506.19 million, a price-to-earnings ratio of 10.93 and a beta of 1.21. The company has a debt-to-equity ratio of 78.58, a quick ratio of 102.54 and a current ratio of 62.51. The company has a 50 day moving average of C$11.25 and a 200 day moving average of C$11.21.

Atrium Mortgage Investment Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Thursday, December 12th. Stockholders of record on Friday, November 29th were given a dividend of $0.075 per share. The ex-dividend date was Friday, November 29th. This represents a $0.90 annualized dividend and a dividend yield of 7.92%. Atrium Mortgage Investment’s dividend payout ratio is currently 86.54%.

Insider Transactions at Atrium Mortgage Investment

In other news, Director Mark Silver bought 2,854 shares of Atrium Mortgage Investment stock in a transaction dated Friday, October 4th. The stock was acquired at an average cost of C$11.45 per share, with a total value of C$32,678.30. Insiders own 4.45% of the company’s stock.

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.