Atrium Mortgage Investment (TSE:AI) PT Set at C$12.82 by Fundamental Research

Atrium Mortgage Investment (TSE:AI) received a C$12.82 price target from equities research analysts at Fundamental Research in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Fundamental Research’s price target would suggest a potential upside of 9.39% from the stock’s previous close.

Separately, Canaccord Genuity Group set a C$13.50 price target on shares of Atrium Mortgage Investment and gave the stock a “buy” rating in a report on Friday, April 17th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Strong Buy” and an average target price of C$13.16.

Atrium Mortgage Investment Stock Up 1.7%

Shares of AI traded up C$0.20 during midday trading on Tuesday, hitting C$11.72. The company had a trading volume of 93,866 shares, compared to its average volume of 127,152. Atrium Mortgage Investment has a 1 year low of C$10.98 and a 1 year high of C$12.36. The firm has a market capitalization of C$564.75 million, a P/E ratio of 11.38 and a beta of 0.70. The company has a debt-to-equity ratio of 55.94, a quick ratio of 102.54 and a current ratio of 3.72. The company’s 50-day simple moving average is C$11.88 and its 200-day simple moving average is C$11.82.

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.