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

Atlas Engineered Products Ltd. (CVE:AEP) was down 10.1% 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.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on AEP shares. Raymond James Financial set a C$1.50 target price on Atlas Engineered Products and gave the stock a “buy” rating in a research report 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 investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of C$1.58.

Atlas Engineered Products Price Performance

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. The company has a 50 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.

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.