Atlas Engineered Products (CVE:AEP) Trading Down 1.6% – What’s Next?

Shares of Atlas Engineered Products Ltd. (CVE:AEP) were down 1.6% during mid-day trading on Friday . The company traded as low as C$1.19 and last traded at C$1.20. 47,187 shares were traded during mid-day trading, a decline of 30% from the average session volume of 66,964 shares. The stock had previously closed at C$1.22.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Raymond James set a C$2.25 price target on Atlas Engineered Products and gave the stock a “strong-buy” rating in a report on Thursday, September 12th. Ventum Financial cut their target price on shares of Atlas Engineered Products from C$2.00 to C$1.75 in a research note on Tuesday, November 26th.

Atlas Engineered Products Price Performance

The company has a 50-day moving average of C$1.22 and a two-hundred day moving average of C$1.30. The company has a debt-to-equity ratio of 62.14, a current ratio of 4.16 and a quick ratio of 2.31. The stock has a market capitalization of C$70.94 million, a PE ratio of 17.14 and a beta of 1.13.

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.