Atlas Engineered Products (CVE:AEP) Shares Down 10.1% – What’s Next?

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

Analyst Ratings Changes

A number of research firms have weighed in on AEP. Raymond James Financial set a C$1.50 price target 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 report on Wednesday, May 28th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Atlas Engineered Products has an average rating of “Buy” and a consensus price target of C$1.58.

Atlas Engineered Products Stock Performance

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

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.