Atrium Mortgage Investment (TSE:AI) Share Price Passes Above 50-Day Moving Average of $13.76

Atrium Mortgage Investment Corp (TSE:AI) shares passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $13.76 and traded as high as $13.60. Atrium Mortgage Investment shares last traded at $13.51, with a volume of 94,400 shares.

Separately, Fundamental Research reiterated a “hold” rating and issued a C$13.70 price objective on shares of Atrium Mortgage Investment in a report on Wednesday, August 28th.

The company has a debt-to-equity ratio of 74.76, a quick ratio of 93.92 and a current ratio of 93.94. The business has a 50 day moving average price of C$13.75 and a two-hundred day moving average price of C$13.58. The company has a market cap of $533.35 million and a P/E ratio of 14.12.

Atrium Mortgage Investment (TSE:AI) last released its earnings results on Thursday, August 1st. The company reported C$0.24 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.25 by C($0.01). The firm had revenue of C$16.67 million during the quarter. As a group, research analysts expect that Atrium Mortgage Investment Corp will post 0.75 EPS for the current year.

The business also recently announced a monthly dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Thursday, October 31st will be paid a $0.075 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.69%. The ex-dividend date is Wednesday, October 30th. Atrium Mortgage Investment’s dividend payout ratio (DPR) is presently 94.44%.

About Atrium Mortgage Investment (TSE:AI)

Atrium Mortgage Investment Corporation provides financing solutions to the real estate communities in Ontario, Saskatchewan, Alberta, and British Columbia in Canada. It offers various types of mortgage loans for residential, multi-residential, and commercial real properties, including 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.

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