Atrium Mortgage Investment (TSE:AI) Stock Price Passes Above Fifty Day Moving Average – What’s Next?

Shares of Atrium Mortgage Investment Co. (TSE:AI) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$10.69 and traded as high as C$10.98. Atrium Mortgage Investment shares last traded at C$10.92, with a volume of 42,294 shares changing hands.

Analyst Ratings Changes

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

Atrium Mortgage Investment Price Performance

The firm has a fifty day simple moving average of C$10.69 and a 200-day simple moving average of C$10.91. The firm has a market cap of C$517.92 million, a P/E ratio of 10.37 and a beta of 1.21.

Atrium Mortgage Investment Company Profile

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.