Atlas Engineered Products (CVE:AEP) Sets New 1-Year Low – Here’s What Happened

Atlas Engineered Products Ltd. (CVE:AEP) reached a new 52-week low on Friday . The stock traded as low as C$0.61 and last traded at C$0.62, with a volume of 294410 shares changing hands. The stock had previously closed at C$0.63.

Analyst Upgrades and Downgrades

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

Atlas Engineered Products Stock Down 1.6%

The firm has a market cap of C$43.56 million, a P/E ratio of -31.00 and a beta of 0.19. 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’s 50 day simple moving average is C$0.73 and its 200 day simple moving average is C$0.79.

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.