Atlas Engineered Products Ltd. (CVE:AEP) Director Mohammad Hadi Abassi Acquires 16,500 Shares

Atlas Engineered Products Ltd. (CVE:AEP) Director Mohammad Hadi Abassi bought 16,500 shares of Atlas Engineered Products stock in a transaction dated Wednesday, November 27th. The stock was acquired at an average price of C$1.20 per share, for a total transaction of C$19,800.00.

Atlas Engineered Products Stock Performance

Shares of CVE:AEP opened at C$1.15 on Thursday. The company has a current ratio of 4.16, a quick ratio of 2.31 and a debt-to-equity ratio of 62.14. Atlas Engineered Products Ltd. has a 12 month low of C$0.93 and a 12 month high of C$1.70. The company has a market capitalization of C$67.99 million, a price-to-earnings ratio of 16.43 and a beta of 1.13. The firm’s 50-day moving average is C$1.27 and its 200 day moving average is C$1.33.

Wall Street Analyst Weigh In

Several research analysts recently commented on AEP shares. Cormark dropped their price target on Atlas Engineered Products from C$2.20 to C$2.10 in a research report on Tuesday, August 20th. Ventum Financial dropped their target price on Atlas Engineered Products from C$2.00 to C$1.75 in a report on Tuesday. Finally, Raymond James set a C$2.25 target price on Atlas Engineered Products and gave the company a “strong-buy” rating in a research report on Thursday, September 12th.

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.