Atlas Engineered Products (CVE:AEP) Shares Down 10.1% – What’s Next?

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

Analyst Upgrades and Downgrades

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

Atlas Engineered Products Price Performance

The company has a current ratio of 4.16, a quick ratio of 2.31 and a debt-to-equity ratio of 62.14. The business’s fifty day moving average is C$0.85 and its 200 day moving average is C$0.87. The firm has a market capitalization of C$49.93 million, a P/E ratio of 71.00 and a beta of 0.39.

About Atlas Engineered Products

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.