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

Shares of Atlas Engineered Products Ltd. (CVE:AEP) hit a new 52-week low during trading on Wednesday . The company traded as low as C$0.62 and last traded at C$0.62, with a volume of 86086 shares traded. The stock had previously closed at C$0.63.

Analysts Set New Price Targets

Separately, Desjardins set a C$1.35 price target on shares of Atlas Engineered Products and gave the company a “buy” rating in a research note on Tuesday, September 16th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, Atlas Engineered Products currently has an average rating of “Buy” and a consensus target price of C$1.53.

Atlas Engineered Products Stock Down 1.6%

The company has a current ratio of 4.16, a quick ratio of 2.31 and a debt-to-equity ratio of 62.14. The firm has a market cap of C$43.56 million, a PE ratio of -31.00 and a beta of 0.19. The business’s 50-day simple moving average is C$0.75 and its 200 day simple moving average is C$0.80.

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.