Atlas Engineered Products (CVE:AEP) Reaches New 1-Year Low – What’s Next?

Atlas Engineered Products Ltd. (CVE:AEP)’s share price hit a new 52-week low on Friday. The stock traded as low as C$0.55 and last traded at C$0.55, with a volume of 78,271 shares. The stock had previously closed at C$0.57.

Atlas Engineered Products Price Performance

The stock has a 50 day moving average price of C$0.61 and a two-hundred day moving average price of C$0.64. The company has a debt-to-equity ratio of 46.00, a current ratio of 1.46 and a quick ratio of 2.31. The firm has a market capitalization of C$39.40 million, a price-to-earnings ratio of -27.50 and a beta of 0.26.

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.