Atlas Engineered Products (CVE:AEP) Price Target Lowered to C$1.75 at Ventum Financial

Atlas Engineered Products (CVE:AEP) had its price target reduced by Ventum Financial from C$2.00 to C$1.75 in a research note published on Tuesday morning,BayStreet.CA reports.

Several other research firms have also recently issued reports on AEP. Raymond James set a C$2.25 price target on Atlas Engineered Products and gave the company a “strong-buy” rating in a report on Thursday, September 12th. Cormark lowered their price objective on shares of Atlas Engineered Products from C$2.20 to C$2.10 in a research report on Tuesday, August 20th.

Atlas Engineered Products Trading Up 7.5 %

Shares of AEP opened at C$1.15 on Tuesday. 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 company has a market cap of C$67.99 million, a price-to-earnings ratio of 15.29 and a beta of 1.13. The stock has a fifty day moving average price of C$1.28 and a two-hundred day moving average price of C$1.34. Atlas Engineered Products has a 52-week low of C$0.93 and a 52-week high of C$1.70.

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.