ADENTRA (TSE:ADEN) Hits New 52-Week Low - Time to Sell?

ADENTRA Inc. (TSE:ADEN - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $32.73 and last traded at $33.29, with a volume of 15246 shares. The stock had previously closed at $32.95.

Analyst Ratings Changes

ADEN has been the topic of several recent analyst reports. Acumen Capital reduced their target price on shares of ADENTRA from C$56.00 to C$54.00 in a research note on Friday, November 15th. CIBC cut their price target on shares of ADENTRA from C$53.00 to C$49.00 in a report on Wednesday, January 15th. Finally, Raymond James set a C$60.00 price objective on shares of ADENTRA and gave the stock a "strong-buy" rating in a report on Friday, December 20th. Five research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $54.57.

ADENTRA Stock Down 0.1 %

The business's fifty day moving average is $35.29 and its two-hundred day moving average is $38.57. The firm has a market cap of $589.19 million, a price-to-earnings ratio of 11.38 and a beta of 1.57.

ADENTRA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 31st were paid a $0.15 dividend. This is a boost from ADENTRA's previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend was Monday, January 20th. ADENTRA's dividend payout ratio (DPR) is 19.10%.

ADENTRA Company Profile

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.