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

Shares of Atlas Engineered Products Ltd. (CVE:AEP) 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 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.

Wall Street Analysts Forecast Growth

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

Atlas Engineered Products Stock Performance

The stock has a fifty day moving average price of C$0.85 and a two-hundred day moving average price of C$0.87. The company has a market cap of C$49.93 million, a P/E ratio of 71.00 and a beta of 0.39. The company has a debt-to-equity ratio of 62.14, a current ratio of 4.16 and a quick ratio of 2.31.

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.