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

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

Wall Street Analyst Weigh In

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

Atlas Engineered Products Stock Performance

The stock has a market capitalization of C$49.93 million, a price-to-earnings ratio of 71.00 and a beta of 0.39. The stock’s 50 day moving average is C$0.85 and its 200 day moving average is C$0.87. The company has a current ratio of 4.16, a quick ratio of 2.31 and a debt-to-equity ratio of 62.14.

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.