Atlas Engineered Products (CVE:AEP) Shares Down 10.1% – Time to Sell?

Shares of Atlas Engineered Products Ltd. (CVE:AEP) were down 10.1% during mid-day trading on Saturday . The stock 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 Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Raymond James Financial set a C$1.50 price objective on shares of 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 target on shares of 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 MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$1.58.

Atlas Engineered Products Stock Performance

The firm’s 50-day moving average price is C$0.85 and its 200 day moving average price is C$0.87. The company has a debt-to-equity ratio of 62.14, a quick ratio of 2.31 and a current ratio of 4.16. The company has a market cap 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.