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

ADENTRA Inc. (TSE:ADEN) hit a new 52-week low during trading on Monday . The stock traded as low as $31.16 and last traded at $31.16, with a volume of 5832 shares. The stock had previously closed at $32.02.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on ADEN shares. CIBC decreased their price target on shares of ADENTRA from C$53.00 to C$49.00 in a research note on Wednesday, January 15th. Acumen Capital lowered their price objective on shares of ADENTRA from C$56.00 to C$54.00 in a research report on Friday, November 15th. Finally, Raymond James set a C$60.00 price target on ADENTRA and gave the stock a “strong-buy” rating in a research note on Friday, December 20th. Five research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $54.57.

ADENTRA Trading Up 0.2 %

The company has a market capitalization of $548.58 million, a price-to-earnings ratio of 10.59 and a beta of 1.57. The firm’s 50 day simple moving average is $34.49 and its 200-day simple moving average is $38.03.

ADENTRA Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 31st were issued a $0.15 dividend. 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. This represents a $0.60 annualized dividend and a yield of 1.93%. ADENTRA’s dividend payout ratio is 19.10%.

About ADENTRA

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.