ADENTRA (TSE:ADEN) Hits New 52-Week Low – Time to Sell?

ADENTRA Inc. (TSE:ADEN) shares hit a new 52-week low during trading on Monday . The company traded as low as $27.25 and last traded at $27.61, with a volume of 19693 shares. The stock had previously closed at $27.63.

Wall Street Analysts Forecast Growth

ADEN has been the subject of a number of recent analyst reports. Stifel Nicolaus dropped their target price on shares of ADENTRA from C$51.00 to C$41.00 and set a “buy” rating for the company in a research report on Monday, March 17th. National Bankshares reduced their target price on shares of ADENTRA from C$60.00 to C$53.00 and set an “outperform” rating on the stock in a research note on Monday, March 17th. Scotiabank reduced their target price on ADENTRA from C$49.00 to C$43.00 and set an “outperform” rating on the stock in a report on Monday, March 17th. Cormark cut their price target on shares of ADENTRA from C$55.00 to C$46.00 in a research report on Monday, March 17th. Finally, Raymond James set a C$60.00 price objective on shares of ADENTRA and gave the company a “strong-buy” rating in a report on Friday, December 20th. Six 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 MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $48.13.

ADENTRA Stock Down 0.1 %

The company’s fifty day moving average price is $32.63 and its two-hundred day moving average price is $36.96. The company has a market cap of $487.13 million, a price-to-earnings ratio of 9.41 and a beta of 1.57.

ADENTRA Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 31st were paid a $0.15 dividend. This is an increase from ADENTRA’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Monday, January 20th. This represents a $0.60 annualized dividend and a dividend yield of 2.17%. ADENTRA’s dividend payout ratio (DPR) is currently 19.10%.

ADENTRA Company Profile

Adentra Inc is a distributor of architectural products to fabricators, home centers and professional dealers servicing the new residential, repair and remodel, and commercial construction end markets. The company operates a network in North America of 86 facilities in the United States and Canada.