Atlas Engineered Products (CVE:AEP) Sets New 12-Month Low – What’s Next?

Atlas Engineered Products Ltd. (CVE:AEP) shares hit a new 52-week low on Thursday . The stock traded as low as C$0.58 and last traded at C$0.60, with a volume of 305050 shares. The stock had previously closed at C$0.58.

Analyst Upgrades and Downgrades

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

Atlas Engineered Products Stock Performance

The firm has a market capitalization of C$41.45 million, a price-to-earnings ratio of -29.50 and a beta of 0.19. The stock’s fifty day moving average is C$0.71 and its two-hundred day moving average is C$0.79. The company has a quick ratio of 2.31, a current ratio of 4.16 and a debt-to-equity ratio of 62.14.

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.