Atlas Engineered Products (CVE:AEP) Trading Up 2.2% – Time to Buy?

Shares of Atlas Engineered Products Ltd. (CVE:AEP) traded up 2.2% during mid-day trading on Monday . The stock traded as high as C$0.93 and last traded at C$0.93. 4,504 shares were traded 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

A number of analysts have recently commented on the company. Ventum Financial lowered their target price on Atlas Engineered Products from C$2.00 to C$1.75 in a research note on Tuesday, November 26th. Raymond James lowered their price objective on Atlas Engineered Products from C$2.40 to C$2.10 and set a “strong-buy” rating on the stock in a research report on Thursday, January 30th.

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 has a market capitalization of C$66.97 million, a PE ratio of 35.58 and a beta of 1.13. The firm’s 50 day moving average price is C$1.03 and its 200-day moving average price is C$1.18.

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.