Atlas Engineered Products (CVE:AEP) Trading Up 2.2% - Still a Buy?

Atlas Engineered Products Ltd. (CVE:AEP - Get Free Report)'s stock price traded up 2.2% during trading on Monday . The stock traded as high as C$0.93 and last traded at C$0.93. 4,504 shares traded hands during mid-day trading, a decline of 96% from the average session volume of 100,328 shares. The stock had previously closed at C$0.91.

Analysts Set New Price Targets

Separately, Raymond James cut their target price 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 note on Thursday, January 30th.

Atlas Engineered Products Trading Down 1.1 %

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 business's 50-day moving average is C$1.01 and its 200 day moving average is C$1.18. The firm has a market capitalization of C$66.23 million, a P/E ratio of 35.19 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.