Atlas Engineered Products (CVE:AEP) Hits New 12-Month Low - What's Next?

Atlas Engineered Products Ltd. (CVE:AEP - Get Free Report) shares reached a new 52-week low during mid-day trading on Monday . The company traded as low as C$0.76 and last traded at C$0.76, with a volume of 80364 shares. The stock had previously closed at C$0.77.

Analysts Set New Price Targets

Several research firms have commented on AEP. Desjardins set a C$1.50 price objective on shares of Atlas Engineered Products and gave the company a "buy" rating in a report on Wednesday, April 16th. Raymond James downgraded Atlas Engineered Products from a "strong-buy" rating to a "moderate buy" rating in a report on Monday, March 31st.

Atlas Engineered Products Price Performance

The company has a debt-to-equity ratio of 62.14, a current ratio of 4.16 and a quick ratio of 2.31. The firm has a market cap of C$58.14 million, a P/E ratio of 30.89 and a beta of 1.13. The stock's 50-day simple moving average is C$0.87 and its two-hundred day simple moving average is C$1.07.

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.