Atlas Engineered Products (CVE:AEP) Sets New 12-Month Low – Time to Sell?

Atlas Engineered Products Ltd. (CVE:AEP)’s share price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$0.66 and last traded at C$0.66, with a volume of 132011 shares changing hands. The stock had previously closed at C$0.68.

Analyst Upgrades and Downgrades

Separately, Desjardins set a C$1.35 target price on Atlas Engineered Products and gave the company a “buy” rating in a research report on Tuesday, September 16th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Atlas Engineered Products currently has an average rating of “Buy” and a consensus price target of C$1.53.

Atlas Engineered Products Price Performance

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 has a market capitalization of C$45.66 million, a price-to-earnings ratio of -32.50 and a beta of 0.19. The business’s 50-day moving average is C$0.75 and its 200-day moving average is C$0.80.

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.