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Atrium Mortgage Investment (TSE:AI) Stock Price Passes Below 200 Day Moving Average - Here's What Happened

Atrium Mortgage Investment logo with Financial Services background
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Shares of Atrium Mortgage Investment Co. (TSE:AI - Get Free Report) passed 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.

Wall Street Analysts Forecast Growth

Separately, Fundamental Research set a C$12.78 target price on shares of Atrium Mortgage Investment and gave the stock a "buy" rating in a report on Tuesday, March 11th.

Read Our Latest Stock Analysis on Atrium Mortgage Investment

Atrium Mortgage Investment Stock Performance

The stock has a market capitalization of C$509.86 million, a price-to-earnings ratio of 10.20 and a beta of 1.21. The firm's fifty day simple moving average is C$10.79 and its 200 day simple moving average is C$11.12.

Atrium Mortgage Investment Company Profile

(Get Free Report)

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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