Atlas Engineered Products (CVE:AEP) Sets New 1-Year Low – What’s Next?

Atlas Engineered Products Ltd. (CVE:AEP) shares reached a new 52-week low on Friday . The company traded as low as C$0.94 and last traded at C$0.98, with a volume of 440040 shares traded. The stock had previously closed at C$1.03.

Wall Street Analyst Weigh In

AEP has been the subject of a number of recent analyst reports. Raymond James dropped 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. Ventum Financial dropped their target price on shares of Atlas Engineered Products from C$2.00 to C$1.75 in a research report on Tuesday, November 26th.

Atlas Engineered Products Stock Performance

The firm has a market cap of C$75.80 million, a PE ratio of 40.27 and a beta of 1.13. 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 company’s 50 day moving average price is C$1.19 and its two-hundred day moving average price is C$1.25.

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.