Atlas Engineered Products (CVE:AEP) Upgraded to Moderate Buy at Desjardins

Atlas Engineered Products (CVE:AEP) was upgraded by analysts at Desjardins to a “moderate buy” rating in a report issued on Tuesday,Zacks.com reports.

Separately, Raymond James cut Atlas Engineered Products from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, March 31st.

Atlas Engineered Products Stock Up 2.4 %

Shares of CVE:AEP opened at C$0.85 on Tuesday. The firm has a 50 day simple moving average of C$0.93 and a 200 day simple moving average of C$1.13. Atlas Engineered Products has a 52 week low of C$0.83 and a 52 week high of C$1.70. 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 company has a market cap of C$62.55 million, a PE ratio of 33.24 and a beta of 1.13.

About Atlas Engineered Products

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.