Atrium Mortgage Investment (TSE:AI) Reaches New 52-Week High – Here’s Why

Atrium Mortgage Investment Co. (TSE:AI) reached a new 52-week high during trading on Tuesday . The company traded as high as C$12.05 and last traded at C$11.98, with a volume of 14333 shares trading hands. The stock had previously closed at C$12.01.

Analyst Ratings Changes

Separately, Fundamental Research set a C$13.00 target price on shares of Atrium Mortgage Investment and gave the stock a “buy” rating in a research report on Tuesday, November 18th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of C$13.00.

Atrium Mortgage Investment Price Performance

The business’s fifty day simple moving average is C$11.68 and its 200 day simple moving average is C$11.57. The stock has a market cap of C$570.88 million, a price-to-earnings ratio of 11.48 and a beta of 0.65.

About Atrium Mortgage Investment

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. The company generates its revenue from mortgage interest and fees.