Atlas Engineered Products (CVE:AEP) Sets New 12-Month Low – Should You Sell?

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

Analyst Ratings Changes

A number of research firms have weighed in on AEP. Raymond James lowered Atlas Engineered Products from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday, March 31st. Desjardins set a C$1.50 price objective on Atlas Engineered Products and gave the stock a “buy” rating in a research report on Wednesday.

Atlas Engineered Products Stock Performance

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 firm’s 50 day moving average price is C$0.93 and its 200-day moving average price is C$1.13. The firm has a market capitalization of C$62.55 million, a PE 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.