Atlas Engineered Products (CVE:AEP) Reaches New 12-Month Low - Here's Why

Shares of Atlas Engineered Products Ltd. (CVE:AEP - Get Free Report) reached a new 52-week low on Tuesday . The company traded as low as C$0.81 and last traded at C$0.81, with a volume of 32693 shares traded. The stock had previously closed at C$0.82.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on AEP. Desjardins set a C$1.50 price target on shares of Atlas Engineered Products and gave the stock a "buy" rating in a research note on Wednesday, April 16th. Raymond James cut Atlas Engineered Products from a "strong-buy" rating to a "moderate buy" rating in a research report on Monday, March 31st.

Atlas Engineered Products Trading Up 1.3 %

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 stock has a market capitalization of C$58.14 million, a PE ratio of 30.89 and a beta of 1.13. The business's 50-day moving average is C$0.89 and its two-hundred day moving average is C$1.09.

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.