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

Atlas Engineered Products Ltd. (CVE:AEP - Get Free Report) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as C$0.86 and last traded at C$0.85, with a volume of 23872 shares traded. The stock had previously closed at C$0.86.

Wall Street Analyst Weigh In

AEP has been the subject of several research analyst reports. Raymond James cut Atlas Engineered Products from a "strong-buy" rating to a "moderate buy" rating in a research report on Monday, March 31st. Desjardins set a C$1.50 price target on Atlas Engineered Products and gave the stock a "buy" rating in a research report on Wednesday.

Atlas Engineered Products Trading Up 2.4 %

The business has a 50 day simple moving average of C$0.92 and a 200-day simple moving average of C$1.12. The company has a current ratio of 4.16, a quick ratio of 2.31 and a debt-to-equity ratio of 62.14. The stock has a market capitalization of C$62.55 million, a price-to-earnings ratio of 33.24 and a beta of 1.13.

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.