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

Atlas Engineered Products Ltd. (CVE:AEP) shares 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 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.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on AEP shares. 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 research note on Wednesday, May 28th. Desjardins set a C$1.50 target price on shares of Atlas Engineered Products and gave the stock 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, Atlas Engineered Products currently has an average rating of “Buy” and a consensus target price of C$1.58.

Atlas Engineered Products Stock Performance

The firm’s 50-day moving average price is C$0.85 and its two-hundred 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 stock has a market cap of C$49.93 million, a price-to-earnings ratio of 71.00 and a beta of 0.39.

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.