Mohammad Hadi Abassi Buys 16,500 Shares of Atlas Engineered Products Ltd. (CVE:AEP) Stock

Atlas Engineered Products Ltd. (CVE:AEP) Director Mohammad Hadi Abassi acquired 16,500 shares of Atlas Engineered Products stock in a transaction that occurred on Wednesday, November 27th. The shares were purchased at an average cost of C$1.20 per share, for a total transaction of C$19,800.00.

Atlas Engineered Products Trading Down 0.9 %

AEP stock opened at C$1.14 on Friday. The company has a quick ratio of 2.31, a current ratio of 4.16 and a debt-to-equity ratio of 62.14. The company has a market cap of C$67.40 million, a price-to-earnings ratio of 16.29 and a beta of 1.13. The business has a fifty day simple moving average of C$1.27 and a 200-day simple moving average of C$1.33. Atlas Engineered Products Ltd. has a 52 week low of C$0.93 and a 52 week high of C$1.70.

Wall Street Analysts Forecast Growth

AEP has been the subject of a number of recent analyst reports. Cormark lowered their price objective on Atlas Engineered Products from C$2.20 to C$2.10 in a research report on Tuesday, August 20th. Raymond James set a C$2.25 price target on Atlas Engineered Products and gave the company a “strong-buy” rating in a report on Thursday, September 12th. Finally, Ventum Financial cut their price objective on shares of Atlas Engineered Products from C$2.00 to C$1.75 in a report on Tuesday.

Atlas Engineered Products Company Profile

Atlas Engineered Products Ltd. engages in the design, manufacture, and sale of engineered roof trusses, floor trusses, and wall panels in Canada. The company offers floor joists and floor panels; and design, engineering, permitting, project management, and site assembly services. It also distributes a range of engineered wood products for builders of residential and commercial wood-framed buildings, including single-family homes, townhouses, multi-story wood-framed residential buildings, commercial buildings, and agricultural structures.