Atlas Engineered Products (CVE:AEP) Shares Down 10.1% – Time to 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 trading, an increase of 550% from the average daily volume of 99,912 shares. The stock had previously closed at C$0.79.

Analyst Ratings Changes

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

Atlas Engineered Products Trading Down 10.1%

The company has a current ratio of 4.16, a quick ratio of 2.31 and a debt-to-equity ratio of 62.14. The firm has a market cap of C$49.93 million, a PE ratio of 71.00 and a beta of 0.39. The company has a 50-day simple moving average of C$0.85 and a 200 day simple moving average of C$0.87.

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.