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

Atlas Engineered Products Ltd. (CVE:AEP) shares reached a new 52-week low on Monday . The stock traded as low as C$0.94 and last traded at C$0.95, with a volume of 33345 shares traded. The stock had previously closed at C$0.97.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AEP. Ventum Financial cut their price objective on shares of Atlas Engineered Products from C$2.00 to C$1.75 in a research report on Tuesday, November 26th. Raymond James lowered their target price on Atlas Engineered Products from C$2.40 to C$2.10 and set a “strong-buy” rating on the stock in a research report on Thursday, January 30th.

Atlas Engineered Products Price Performance

The firm has a market cap of C$69.91 million, a PE ratio of 37.15 and a beta of 1.13. The firm’s fifty day simple moving average is C$1.15 and its two-hundred day simple moving average is C$1.23. The company has a quick ratio of 2.31, a current ratio of 4.16 and a debt-to-equity ratio of 62.14.

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.