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

Atlas Engineered Products Ltd. (CVE:AEP) 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.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in 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 report on Wednesday, May 28th. Desjardins set a C$1.50 price objective on 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.com, the stock has a consensus rating of “Buy” and an average price target of C$1.58.

Atlas Engineered Products Price Performance

The stock has a fifty day moving average of C$0.85 and a 200-day moving average of C$0.87. The company has a quick ratio of 2.31, a current ratio of 4.16 and a debt-to-equity ratio of 62.14. 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.

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.