Atlas Engineered Products (CVE:AEP) Shares Up 3.8% - Still a Buy?

Key Points

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Atlas Engineered Products Ltd. (CVE:AEP - Get Free Report) shares shot up 3.8% on Monday . The company traded as high as C$0.82 and last traded at C$0.82. 54,650 shares changed hands during mid-day trading, a decline of 45% from the average session volume of 98,869 shares. The stock had previously closed at C$0.79.

Analysts Set New Price Targets

A number of brokerages recently weighed in on AEP. 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 research note on Wednesday, May 28th. Desjardins set a C$1.50 target price on shares of Atlas Engineered Products and gave the company a "buy" rating in a research note on Wednesday, May 28th.

Atlas Engineered Products Price Performance

The stock has a market capitalization of C$60.34 million, a PE ratio of 32.06 and a beta of 1.13. The firm's 50 day simple moving average is C$0.87 and its 200 day simple moving average is C$0.88. 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.

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