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

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

A number of equities analysts have recently issued reports on AEP shares. Desjardins set a C$1.50 price objective 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 price objective on shares of 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 stock presently has a consensus rating of “Buy” and an average price target of C$1.58.

Atlas Engineered Products Trading Down 10.1%

The company 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 quick ratio of 2.31, a current ratio of 4.16 and a debt-to-equity ratio of 62.14. The company’s 50 day simple moving average is C$0.85 and its two-hundred day simple moving average is 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.