Atrium Mortgage Investment (TSE:AI) Share Price Passes Below 200 Day Moving Average – Time to Sell?

Atrium Mortgage Investment Co. (TSE:AI) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$11.24 and traded as low as C$10.94. Atrium Mortgage Investment shares last traded at C$11.09, with a volume of 67,016 shares trading hands.

Atrium Mortgage Investment Stock Up 0.7 %

The company has a market cap of C$493.73 million, a P/E ratio of 10.66 and a beta of 1.21. 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 fifty day moving average of C$11.09 and a 200 day moving average of C$11.24.

Atrium Mortgage Investment Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Thursday, December 12th. Investors 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 yield of 8.12%. Atrium Mortgage Investment’s dividend payout ratio (DPR) is presently 86.54%.

Insider Transactions at Atrium Mortgage Investment

In other news, Director Mark Silver bought 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were bought at an average cost of C$11.20 per share, for a total transaction of C$1,120,000.00. Corporate insiders own 4.45% of the company’s stock.

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.