Atlas Engineered Products (CVE:AEP) Shares Down 10.1% – Should You Sell?

Atlas Engineered Products Ltd. (CVE:AEP)’s stock price traded down 10.1% during trading on Saturday . The company traded as low as C$0.67 and last traded at C$0.71. 649,129 shares changed hands during trading, an increase of 550% from the average session volume of 99,912 shares. The stock had previously closed at C$0.79.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Raymond James Financial set a C$1.50 price objective on shares of Atlas Engineered Products and gave the stock a “buy” rating in a report on Wednesday, May 28th. Desjardins set a C$1.50 price objective on shares of Atlas Engineered Products and gave the stock a “buy” rating in a report on Wednesday, May 28th. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$1.58.

Atlas Engineered Products Trading Down 10.1%

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 business has a 50-day moving average of C$0.85 and a 200-day moving average of C$0.87. The firm has a market cap of C$49.93 million, a price-to-earnings ratio of 71.00 and a beta of 0.39.

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.