Atlas Engineered Products (CVE:AEP) Shares Down 2% – Should You Sell?

Atlas Engineered Products Ltd. (CVE:AEP)’s stock price dropped 2% during trading on Friday . The company traded as low as C$0.98 and last traded at C$0.98. Approximately 79,007 shares changed hands during trading, a decline of 37% from the average daily volume of 125,257 shares. The stock had previously closed at C$1.00.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Raymond James lowered their price target on 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. Ventum Financial dropped 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 Trading Down 2.0 %

The firm has a market capitalization of C$72.12 million, a price-to-earnings ratio of 38.32 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. The company has a 50 day moving average price of C$1.17 and a two-hundred day moving average price of C$1.24.

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.