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

Atlas Engineered Products Ltd. (CVE:AEP) shares traded down 10.1% during mid-day 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.

Analyst Ratings Changes

AEP has been the subject of several recent analyst reports. Raymond James Financial set a C$1.50 price objective on Atlas Engineered Products and gave the stock a “buy” rating in a report on Wednesday, May 28th. Desjardins set a C$1.50 target price on shares of Atlas Engineered Products and gave the company a “buy” rating in a research report on Wednesday, May 28th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of C$1.58.

Atlas Engineered Products Trading Down 10.1%

The stock has a 50 day moving average of C$0.85 and a 200 day moving average of C$0.87. 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 firm has a market cap 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.