Atlas Engineered Products (CVE:AEP) Shares Down 3% – Should You Sell?

Shares of Atlas Engineered Products Ltd. (CVE:AEP) dropped 3% on Monday . The company traded as low as C$0.61 and last traded at C$0.65. Approximately 117,344 shares changed hands during trading, an increase of 83% from the average daily volume of 64,038 shares. The stock had previously closed at C$0.67.

Atlas Engineered Products Stock Performance

The business’s fifty day moving average price is C$0.64 and its 200-day moving average price is C$0.66. The company has a debt-to-equity ratio of 51.61, a current ratio of 1.56 and a quick ratio of 2.31. The stock has a market capitalization of C$44.99 million, a PE ratio of -64.00 and a beta of -0.15.

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.