Atrium Mortgage Investment (TSE:AI) Stock Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Atrium Mortgage Investment Co. (TSE:AIGet Free Report)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$11.12 and traded as low as C$10.70. Atrium Mortgage Investment shares last traded at C$10.75, with a volume of 28,144 shares traded.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$12.78 price objective on shares of Atrium Mortgage Investment and gave the company a “buy” rating in a research note on Tuesday, March 11th.

Get Our Latest Analysis on Atrium Mortgage Investment

Atrium Mortgage Investment Stock Performance

The firm has a market capitalization of C$517.44 million, a P/E ratio of 10.36 and a beta of 1.21. The company has a 50-day moving average of C$10.79 and a 200-day moving average of C$11.12.

Atrium Mortgage Investment Company Profile

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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.

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