Atrium Mortgage Investment (TSE:AI) Share Price Crosses Below 200-Day Moving Average – Should You Sell?

Atrium Mortgage Investment Co. (TSE:AI)’s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$11.24 and traded as low as C$10.91. Atrium Mortgage Investment shares last traded at C$11.02, with a volume of 76,586 shares trading hands.

Atrium Mortgage Investment Trading Down 0.2 %

The company’s 50 day simple moving average is C$11.16 and its two-hundred day simple moving average is C$11.24. The company has a quick ratio of 102.54, a current ratio of 62.51 and a debt-to-equity ratio of 78.58. The company has a market capitalization of C$490.61 million, a price-to-earnings ratio of 10.60 and a beta of 1.21.

Atrium Mortgage Investment Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Thursday, December 12th. Investors of record on Friday, November 29th were paid a dividend of $0.075 per share. The ex-dividend date was Friday, November 29th. This represents a $0.90 annualized dividend and a yield of 8.17%. Atrium Mortgage Investment’s dividend payout ratio (DPR) is 86.54%.

Insider Buying and Selling at Atrium Mortgage Investment

In related news, Director Mark Silver acquired 100,000 shares of the stock in a transaction dated Tuesday, November 19th. The stock was acquired at an average cost of C$11.20 per share, for a total transaction of C$1,120,000.00. 4.45% of the stock is currently owned by company insiders.

About Atrium Mortgage Investment

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.