Atlas Engineered Products (CVE:AEP) Director Gianpaolo Fabrisio Andreola Buys 23,500 Shares

Key Points

• Gianpaolo Fabrisio Andreola, a director at Atlas Engineered Products, acquired a total of 23,500 shares of the company at an average cost of C$0.69 per share, increasing his stake by 5.39%.
• The stock price of Atlas Engineered Products rose by 2.4% to reach C$0.85, amid trading activity that saw 57,872 shares exchanged during the day.
• Desjardins and Raymond James Financial both set 'buy' ratings for the company, with price objectives of C$1.35 and C$1.50 respectively, indicating positive market sentiment.

Atlas Engineered Products Ltd. (CVE:AEP - Get Free Report) Director Gianpaolo Fabrisio Andreola acquired 23,500 shares of the stock in a transaction on Wednesday, September 3rd. The shares were acquired at an average price of C$0.69 per share, for a total transaction of C$16,215.00. Following the acquisition, the director owned 459,500 shares of the company's stock, valued at approximately C$317,055. The trade was a 5.39% increase in their position.

Gianpaolo Fabrisio Andreola also recently made the following trade(s):

• On Tuesday, September 2nd, Gianpaolo Fabrisio Andreola bought 11,000 shares of Atlas Engineered Products stock. The stock was purchased at an average price of C$0.69 per share, with a total value of C$7,590.00.
• On Wednesday, September 3rd, Gianpaolo Fabrisio Andreola purchased 10,000 shares of Atlas Engineered Products stock. The shares were bought at an average price of C$0.68 per share, with a total value of C$6,800.00.

Atlas Engineered Products Price Performance

Atlas Engineered Products stock traded down C$0.03 during midday trading on Tuesday, reaching C$0.82. 9,977 shares of the stock were exchanged, compared to its average volume of 102,845. The company's fifty day moving average is C$0.80 and its 200-day moving average is C$0.84. 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 cap of C$57.61 million, a PE ratio of -41.00 and a beta of 0.34. Atlas Engineered Products Ltd. has a 52 week low of C$0.67 and a 52 week high of C$1.42.

Wall Street Analysts Forecast Growth

AEP has been the topic of a number of research reports. Raymond James Financial set a C$1.50 target price on shares of Atlas Engineered Products and gave the company a "buy" rating in a report on Wednesday, May 28th. Desjardins set a C$1.35 price target on Atlas Engineered Products and gave the stock a "buy" rating in a research report on Tuesday, September 16th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of C$1.53.

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.