Atlas Engineered Products (CVE:AEP) Stock Price Down 10.1% - Time to Sell?

Key Points

• Atlas Engineered Products Ltd. shares fell 10.1% to C$0.71, with trading volume significantly increasing to 649,129 shares from an average of 99,912.
• Analysts have provided mixed ratings, with two firms setting a price target of C$1.50 and maintaining a "buy" rating, while the average price target is C$1.58.
• The company's financial health includes a market capitalization of C$49.93 million and a high debt-to-equity ratio of 62.14, which may raise concerns for investors.

Atlas Engineered Products Ltd. (CVE:AEP - Get Free Report) traded down 10.1% during trading on Saturday . The stock traded as low as C$0.67 and last traded at C$0.71. 649,129 shares were traded during mid-day trading, an increase of 550% from the average session volume of 99,912 shares. The stock had previously closed at C$0.79.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on AEP shares. Raymond James Financial set a C$1.50 price objective on shares of Atlas Engineered Products and gave the stock a "buy" rating in a report on Wednesday, May 28th. Desjardins reduced their price target on Atlas Engineered Products from C$1.50 to C$1.35 and set a "buy" rating for the company in a research report on Tuesday. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of C$1.53.

Atlas Engineered Products Stock Down 1.4%

The company has a market capitalization of C$47.82 million, a price-to-earnings ratio of 68.00 and a beta of 0.39. The business has a 50 day simple moving average of C$0.84 and a 200 day simple moving average of C$0.86. The company has a debt-to-equity ratio of 62.14, a current ratio of 4.16 and a quick ratio of 2.31.

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.