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

Atlas Engineered Products Ltd. (CVE:AEP - Get Free Report) shares reached a new 52-week low on Monday . The company 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.

Wall Street Analyst Weigh In

AEP has been the topic of a number of research reports. Raymond James reduced their target price on shares of Atlas Engineered Products from C$2.40 to C$2.10 and set a "strong-buy" rating on the stock in a report on Thursday, January 30th. Ventum Financial reduced their price objective on shares of Atlas Engineered Products from C$2.00 to C$1.75 in a research note on Tuesday, November 26th.

Atlas Engineered Products Stock Down 1.1 %

The stock has a 50-day moving average price of C$1.12 and a 200-day moving average price of C$1.22. The company has a market capitalization of C$66.23 million, a P/E ratio of 35.19 and a beta of 1.13. The company has a debt-to-equity ratio of 62.14, a current ratio of 4.16 and a quick ratio of 2.31.

Atlas Engineered Products Company Profile

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.