Atlas Engineered Products (CVE:AEP) Upgraded to Strong-Buy at Raymond James

Raymond James upgraded shares of Atlas Engineered Products (CVE:AEP) to a strong-buy rating in a research report report published on Wednesday, Zacks.com reports.

Several other analysts have also recently weighed in on AEP. Ventum Cap Mkts raised Atlas Engineered Products to a strong-buy rating in a report on Thursday, June 27th. Clarus Securities raised shares of Atlas Engineered Products to a strong-buy rating in a research note on Monday, June 3rd. Finally, Cormark cut their price objective on shares of Atlas Engineered Products from C$2.20 to C$2.10 in a report on Tuesday, August 20th.

Atlas Engineered Products Stock Performance

Shares of Atlas Engineered Products stock opened at C$1.27 on Wednesday. The company has a debt-to-equity ratio of 62.14, a current ratio of 4.16 and a quick ratio of 2.31. The firm has a 50 day simple moving average of C$1.32 and a 200 day simple moving average of C$1.42. Atlas Engineered Products has a fifty-two week low of C$0.93 and a fifty-two week high of C$1.70. The firm has a market cap of C$75.08 million, a P/E ratio of 18.14 and a beta of 1.12.

Atlas Engineered Products (CVE:AEP) last released its earnings results on Friday, August 16th. The company reported C$0.01 EPS for the quarter. Atlas Engineered Products had a return on equity of 3.90% and a net margin of 2.90%. The company had revenue of C$15.09 million during the quarter, compared to analysts’ expectations of C$13.95 million. Sell-side analysts predict that Atlas Engineered Products will post 0.03003 earnings per share for the current fiscal year.

Insider Buying and Selling at Atlas Engineered Products

In related news, Director Mohammad Hadi Abassi sold 195,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of C$1.30, for a total transaction of C$253,500.00. Insiders own 16.97% of the company’s stock.

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.