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

ADENTRA Inc. (TSE:ADEN - Get Free Report)'s stock price hit a new 52-week low on Monday . The company traded as low as $27.25 and last traded at $27.61, with a volume of 19693 shares traded. The stock had previously closed at $27.63.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. National Bankshares decreased their price target on ADENTRA from C$60.00 to C$53.00 and set an "outperform" rating on the stock in a research report on Monday, March 17th. Cormark reduced their price objective on ADENTRA from C$55.00 to C$46.00 in a research report on Monday, March 17th. Raymond James set a C$60.00 target price on shares of ADENTRA and gave the stock a "strong-buy" rating in a research report on Friday, December 20th. CIBC dropped their price objective on ADENTRA from C$49.00 to C$44.00 and set an "outperform" rating for the company in a research note on Monday, March 17th. Finally, Stifel Nicolaus cut their target price on ADENTRA from C$51.00 to C$41.00 and set a "buy" rating on the stock in a research note on Monday, March 17th. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average target price of $48.13.

ADENTRA Stock Down 0.4 %

The firm's fifty day simple moving average is $31.97 and its 200-day simple moving average is $36.66. The firm has a market capitalization of $474.07 million, a PE ratio of 9.16 and a beta of 1.57.

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ADENTRA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 25th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date is Monday, April 14th. ADENTRA's dividend payout ratio (DPR) is 19.10%.

About ADENTRA

Adentra Inc is a distributor of architectural products to fabricators, home centers and professional dealers servicing the new residential, repair and remodel, and commercial construction end markets. The company operates a network in North America of 86 facilities in the United States and Canada.