Atlas Engineered Products (CVE:AEP) Trading 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 were traded during mid-day 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

A number of research analysts recently issued reports on AEP shares. 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 report on Wednesday, May 28th. Desjardins set a C$1.50 price objective on shares of Atlas Engineered Products and gave the company a “buy” rating in a report on Wednesday, May 28th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Atlas Engineered Products currently has an average rating of “Buy” and an average price target of C$1.58.

Atlas Engineered Products Trading Down 10.1%

The firm has a market cap of C$49.93 million, a P/E ratio of 71.00 and a beta of 0.39. The business’s fifty day moving average is C$0.85 and its 200-day moving average 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.

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.