ADENTRA (TSE:ADEN) Stock Price Down 0.3% – Time to Sell?

ADENTRA Inc. (TSE:ADEN) shares traded down 0.3% on Thursday . The stock traded as low as $39.06 and last traded at $39.19. 52,006 shares traded hands during mid-day trading, a decline of 16% from the average session volume of 61,854 shares. The stock had previously closed at $39.29.

Wall Street Analyst Weigh In

Several equities analysts have commented on ADEN shares. Stifel Nicolaus lowered their price objective on shares of ADENTRA from C$53.00 to C$50.00 and set a “buy” rating for the company in a research report on Thursday, October 17th. Scotiabank raised their price objective on ADENTRA from C$51.00 to C$52.50 and gave the company an “outperform” rating in a research note on Tuesday, July 30th. CIBC boosted their target price on ADENTRA from C$52.00 to C$53.00 and gave the company an “outperform” rating in a research report on Tuesday, August 13th. Acumen Capital raised their price target on ADENTRA from C$54.00 to C$56.00 and gave the stock a “buy” rating in a research report on Tuesday, July 30th. Finally, Cormark lifted their price objective on shares of ADENTRA from C$51.50 to C$56.50 in a research note on Tuesday, July 30th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $54.67.

ADENTRA Trading Down 0.3 %

The stock has a 50 day moving average of $40.91 and a 200-day moving average of $37.19. The stock has a market capitalization of $980.53 million, a P/E ratio of 14.73 and a beta of 1.57.

ADENTRA Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 25th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Tuesday, October 15th. This represents a $0.56 annualized dividend and a dividend yield of 1.43%. ADENTRA’s dividend payout ratio (DPR) is 21.05%.

Insider Activity

In other ADENTRA news, Senior Officer Daniel Brian Figgins sold 1,100 shares of the company’s stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of $39.06, for a total value of $42,965.12. Insiders own 10.73% of the company’s stock.

About ADENTRA

ADENTRA Inc engages in the wholesale distribution of architectural building products to the residential, repair and remodel, and commercial construction markets in Canada and the United States. It offers doors, decorative surfaces, moldings, stair parts, hardwood lumber, hardwood plywood, composite panels, and other building products to industrial manufacturers, home builder distribution yards, and home centers.