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

ADENTRA Inc. (TSE:ADEN)’s share price reached a new 52-week low during trading on Monday . The company 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

Several research analysts have commented on the stock. CIBC lowered their price objective on shares of ADENTRA from C$53.00 to C$49.00 in a research report on Wednesday, January 15th. Acumen Capital decreased their target price on shares of ADENTRA from C$56.00 to C$54.00 in a research note on Friday, November 15th. Finally, Raymond James set a C$60.00 price target on ADENTRA and gave the company 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 given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $54.57.

ADENTRA Stock Performance

The stock has a market capitalization of $547.34 million, a price-to-earnings ratio of 10.57 and a beta of 1.57. The stock has a fifty day simple moving average of $34.72 and a two-hundred day simple moving average of $38.17.

ADENTRA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 31st were paid a $0.15 dividend. The ex-dividend date of this dividend was Monday, January 20th. This represents a $0.60 annualized dividend and a dividend yield of 1.94%. This is a positive change from ADENTRA’s previous quarterly dividend of $0.14. ADENTRA’s payout ratio is currently 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.