ADENTRA (TSE:ADEN) Reaches New 1-Year Low – Should You Sell?

ADENTRA Inc. (TSE:ADEN)’s share price 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. The stock had previously closed at $32.95.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. CIBC cut their price target on shares of ADENTRA from C$53.00 to C$49.00 in a report on Wednesday, January 15th. Acumen Capital cut 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 stock a “strong-buy” rating in a research report 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. According to data from MarketBeat, ADENTRA currently has a consensus rating of “Buy” and a consensus target price of $54.57.

ADENTRA Stock Performance

The company has a market capitalization of $585.48 million, a price-to-earnings ratio of 11.31 and a beta of 1.57. The business’s 50-day simple moving average is $35.54 and its 200-day simple moving average is $38.73.

ADENTRA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 31st were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date was Monday, January 20th. This is an increase from ADENTRA’s previous quarterly dividend of $0.14. ADENTRA’s dividend 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.