Atlas Engineered Products (CVE:AEP) Trading 2.2% Higher – Time to Buy?

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

Analyst Ratings Changes

AEP has been the topic of a number of research analyst reports. Ventum Financial lowered their price target on Atlas Engineered Products from C$2.00 to C$1.75 in a report on Tuesday, November 26th. Raymond James decreased 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 report on Thursday, January 30th.

Atlas Engineered Products Stock Performance

The firm has a market cap of C$68.44 million, a P/E ratio of 36.36 and a beta of 1.13. 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 business’s 50-day simple moving average is C$1.03 and its 200 day simple moving average is C$1.18.

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.