Atlas Engineered Products (CVE:AEP) Shares Up 2.2% – What’s Next?

Atlas Engineered Products Ltd. (CVE:AEP) traded up 2.2% during trading on Monday . The stock traded as high as C$0.93 and last traded at C$0.93. 4,504 shares traded hands during mid-day trading, a decline of 96% from the average session volume of 100,328 shares. The stock had previously closed at C$0.91.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Ventum Financial reduced their price objective on shares of Atlas Engineered Products from C$2.00 to C$1.75 in a research report on Tuesday, November 26th. Raymond James reduced their price target on shares of Atlas Engineered Products from C$2.40 to C$2.10 and set a “strong-buy” rating for the company in a research report on Thursday, January 30th.

Atlas Engineered Products Price Performance

The company has a 50-day moving average of C$1.03 and a 200 day moving average of C$1.18. The company has a quick ratio of 2.31, a current ratio of 4.16 and a debt-to-equity ratio of 62.14. The stock has a market capitalization of C$66.97 million, a PE ratio of 35.58 and a beta of 1.13.

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.