Raymond James upgraded shares of Atlas Engineered Products (CVE:AEP – Free Report) 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.
View Our Latest Report on Atlas Engineered Products
Atlas Engineered Products Stock Performance
Atlas Engineered Products (CVE:AEP – Get Free Report) 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.
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