ADENTRA (TSE:ADEN) Trading Down 0.7% - Here's What Happened

Key Points

• ADENTRA Inc. (TSE: ADEN) shares fell by 0.7% to trade at $35.10, with a significant decline in trading volume of 59% compared to its average session.
• Analysts' ratings on ADENTRA include a mix of one Strong Buy, five Buy, and one Hold, with a current consensus rating of "Buy".
• The company announced a quarterly dividend of $0.15 per share, with a payout ratio of 19.10% and an annualized dividend yield of 1.7%.

ADENTRA Inc. (TSE:ADEN - Get Free Report) shares traded down 0.7% on Monday . The company traded as low as $34.84 and last traded at $35.10. 27,325 shares were traded during mid-day trading, a decline of 59% from the average session volume of 67,416 shares. The stock had previously closed at $35.35.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Desjardins lowered their target price on shares of ADENTRA from C$46.00 to C$41.00 and set a "buy" rating on the stock in a research note on Thursday, May 8th. Scotiabank set a C$31.00 target price on shares of ADENTRA and gave the company a "sector perform" rating in a research note on Thursday, June 19th. Finally, National Bankshares lifted their price target on shares of ADENTRA from C$41.00 to C$42.50 and gave the stock an "outperform" rating in a research note on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Buy".

ADENTRA Price Performance

The stock has a market capitalization of $619.73 million, a PE ratio of 11.97 and a beta of 1.57. The firm's 50 day simple moving average is $30.47 and its 200 day simple moving average is $29.17.

ADENTRA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Monday, October 20th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.7%. ADENTRA's payout ratio is 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.

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