Atlas Engineered Products (CVE:AEP) Hits New 12-Month Low - Here's What Happened

Atlas Engineered Products Ltd. (CVE:AEP - Get Free Report)'s stock price hit a new 52-week low on Friday . The stock traded as low as C$0.94 and last traded at C$0.98, with a volume of 440040 shares trading hands. The stock had previously closed at C$1.03.

Wall Street Analyst Weigh In

Several research analysts have commented on AEP shares. Ventum Financial lowered their price target on shares of Atlas Engineered Products from C$2.00 to C$1.75 in a report on Tuesday, November 26th. Raymond James decreased their price objective on shares of Atlas Engineered Products from C$2.40 to C$2.10 and set a "strong-buy" rating for the company in a research report on Thursday, January 30th.

Atlas Engineered Products Stock Performance

The stock has a market cap of C$72.85 million, a PE ratio of 38.71 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. The firm has a 50 day moving average of C$1.19 and a two-hundred day moving average of C$1.25.

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.