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

Atlas Engineered Products Ltd. (CVE:AEP)’s stock price reached a new 52-week low during trading on Thursday . The company traded as low as C$0.66 and last traded at C$0.66, with a volume of 132011 shares traded. The stock had previously closed at C$0.68.

Wall Street Analysts Forecast Growth

Separately, Desjardins set a C$1.35 price objective on Atlas Engineered Products and gave the company a “buy” rating in a research note on Tuesday, September 16th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Atlas Engineered Products currently has a consensus rating of “Buy” and an average price target of C$1.53.

Atlas Engineered Products Stock Performance

The stock has a 50-day moving average price of C$0.75 and a 200 day moving average price of C$0.81. The company has a quick ratio of 2.31, a current ratio of 4.16 and a debt-to-equity ratio of 62.14. The firm has a market capitalization of C$45.66 million, a price-to-earnings ratio of -32.50 and a beta of 0.19.

About Atlas Engineered Products

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.