Atlas Engineered Products (CVE:AEP) Trading Down 2.9% – What’s Next?

Shares of Atlas Engineered Products Ltd. (CVE:AEP) were down 2.9% during mid-day trading on Friday . The company traded as low as C$0.65 and last traded at C$0.66. Approximately 67,369 shares traded hands during mid-day trading, a decline of 38% from the average daily volume of 108,572 shares. The stock had previously closed at C$0.68.

Analyst Upgrades and Downgrades

Separately, Desjardins set a C$1.35 target price on shares of Atlas Engineered Products and gave the stock a “buy” rating in a research report on Tuesday, September 16th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of C$1.43.

Atlas Engineered Products Price Performance

The firm has a market cap of C$46.37 million, a PE ratio of -66.00 and a beta of -0.09. The company has a debt-to-equity ratio of 62.14, a current ratio of 4.16 and a quick ratio of 2.31. The business’s fifty day moving average is C$0.66 and its 200-day moving average is C$0.76.

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.