ADENTRA (TSE:ADEN) Hits New 1-Year Low – Time to Sell?

ADENTRA Inc. (TSE:ADEN) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $32.73 and last traded at $33.29, with a volume of 15246 shares traded. The stock had previously closed at $32.95.

Wall Street Analysts Forecast Growth

ADEN has been the subject of several recent research reports. Acumen Capital dropped their price objective on shares of ADENTRA from C$56.00 to C$54.00 in a research report on Friday, November 15th. Raymond James set a C$60.00 price target on ADENTRA and gave the company a “strong-buy” rating in a report on Friday, December 20th. Finally, CIBC lowered their target price on ADENTRA from C$53.00 to C$49.00 in a research note on Wednesday, January 15th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $54.57.

ADENTRA Trading Up 0.6 %

The stock has a market cap of $585.48 million, a P/E ratio of 11.31 and a beta of 1.57. The firm’s fifty day moving average is $35.54 and its 200 day moving average is $38.73.

ADENTRA Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 31st were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.81%. This is a positive change from ADENTRA’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Monday, January 20th. ADENTRA’s dividend payout ratio (DPR) is currently 19.10%.

ADENTRA Company Profile

ADENTRA Inc engages in the wholesale distribution of architectural building products to the residential, repair and remodel, and commercial construction markets in Canada and the United States. It offers doors, decorative surfaces, moldings, stair parts, hardwood lumber, hardwood plywood, composite panels, and other building products to industrial manufacturers, home builder distribution yards, and home centers.