ADENTRA (TSE:ADEN) Trading Down 0.9% – Should You Sell?

ADENTRA Inc. (TSE:ADEN) dropped 0.9% during trading on Tuesday . The company traded as low as $32.68 and last traded at $33.00. Approximately 32,440 shares were traded during mid-day trading, a decline of 37% from the average daily volume of 51,123 shares. The stock had previously closed at $33.31.

Analysts Set New Price Targets

ADEN has been the subject of a number of recent research reports. ATB Cormark Capital Markets increased their target price on shares of ADENTRA from C$50.00 to C$61.00 and gave the company an “outperform” rating in a research report on Friday, March 13th. Scotiabank reduced their target price on shares of ADENTRA from C$46.00 to C$45.00 and set a “sector outperform” rating for the company in a research report on Tuesday, April 28th. National Bank Financial reduced their target price on shares of ADENTRA from C$54.50 to C$52.00 and set an “outperform” rating for the company in a research report on Friday, March 13th. Finally, Stifel Nicolaus increased their target price on shares of ADENTRA from C$49.50 to C$51.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy”.

ADENTRA Stock Down 0.9%

The stock’s 50-day moving average price is $33.99 and its 200 day moving average price is $35.05. The firm has a market capitalization of $799.49 million, a price-to-earnings ratio of 12.55 and a beta of 1.44.

ADENTRA Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 24th. Investors of record on Friday, April 24th were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.9%. The ex-dividend date was Monday, April 13th. ADENTRA’s dividend payout ratio (DPR) is presently 16.79%.

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.