Atlas Engineered Products (CVE:AEP) Sets New 12-Month Low – Here’s Why

Atlas Engineered Products Ltd. (CVE:AEP)’s share price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as C$0.85 and last traded at C$0.93, with a volume of 202521 shares traded. The stock had previously closed at C$0.88.

Wall Street Analyst Weigh In

Separately, Raymond James lowered shares of Atlas Engineered Products from a “strong-buy” rating to a “moderate buy” rating in a report on Monday.

Atlas Engineered Products Price Performance

The stock has a 50-day simple moving average of C$1.00 and a 200 day simple moving average of C$1.17. The company has a market cap of C$66.23 million, a PE ratio of 35.19 and a beta of 1.13. The company has a quick ratio of 2.31, a current ratio of 4.16 and a debt-to-equity ratio of 62.14.

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.