Atlas Engineered Products (CVE:AEP) Hits New 52-Week Low – Here’s Why

Atlas Engineered Products Ltd. (CVE:AEP) reached a new 52-week low during trading on Monday . The company traded as low as C$0.85 and last traded at C$0.93, with a volume of 202521 shares traded. The stock had previously closed at C$0.88.

Analyst Upgrades and Downgrades

Separately, Raymond James lowered their target price on Atlas Engineered Products from C$2.40 to C$2.10 and set a “strong-buy” rating for the company in a research note on Thursday, January 30th.

Atlas Engineered Products Stock Performance

The stock has a market cap of C$69.91 million, a P/E ratio of 37.15 and a beta of 1.13. The stock has a fifty day simple moving average of C$1.01 and a 200-day simple moving average of C$1.17. The company has a debt-to-equity ratio of 62.14, a quick ratio of 2.31 and a current ratio of 4.16.

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.