Atlas Engineered Products Ltd. (CVE:AEP - Get Free Report)'s stock price fell 5.5% during mid-day trading on Thursday . The stock traded as low as C$1.19 and last traded at C$1.20. 178,720 shares changed hands during trading, an increase of 47% from the average session volume of 121,948 shares. The stock had previously closed at C$1.27.
Wall Street Analysts Forecast Growth
AEP has been the subject of several research analyst reports. Cormark lowered their price objective on Atlas Engineered Products from C$2.20 to C$2.10 in a research report on Tuesday, August 20th. Raymond James set a C$2.25 target price on Atlas Engineered Products and gave the stock a "strong-buy" rating in a report on Thursday, September 12th.
Read Our Latest Stock Report on AEP
Atlas Engineered Products Stock Performance
The company's 50 day moving average price is C$1.31 and its 200-day moving average price is C$1.36. The stock has a market cap of C$70.35 million, a P/E ratio of 17.00 and a beta of 1.13. The company has a debt-to-equity ratio of 62.14, a quick ratio of 2.31 and a current ratio of 4.16.
Atlas Engineered Products (CVE:AEP - Get Free Report) last announced its quarterly earnings data on Friday, August 16th. The company reported C$0.01 EPS for the quarter. The business had revenue of C$15.09 million for the quarter, compared to analyst estimates of C$13.95 million. Atlas Engineered Products had a net margin of 2.90% and a return on equity of 3.90%. Equities analysts forecast that Atlas Engineered Products Ltd. will post 0.1050521 EPS for the current fiscal year.
Insider Transactions 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. Corporate insiders own 14.49% of the company's stock.
About Atlas Engineered Products
(
Get Free Report)
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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