Atlas Engineered Products (CVE:AEP) Stock Price Down 10.1% - Here's Why

Key Points

• Atlas Engineered Products stock price fell by 10.1% during mid-day trading, reaching a low of C$0.67 before closing at C$0.71.
• Analyst ratings remain positive, with two brokerages setting a target price of C$1.50 and an average target price of C$1.58.
• The company's market capitalization stands at C$49.93 million, with a price-to-earnings ratio of 71.00.

Atlas Engineered Products Ltd. (CVE:AEP - Get Free Report)'s stock price fell 10.1% during mid-day trading on Saturday . The stock traded as low as C$0.67 and last traded at C$0.71. 649,129 shares changed hands during 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

Several brokerages recently issued reports on AEP. Desjardins set a C$1.50 target price on Atlas Engineered Products and gave the company a "buy" rating in a research report on Wednesday, May 28th. Raymond James Financial set a C$1.50 price objective on Atlas Engineered Products and gave the company a "buy" rating in a report on Wednesday, May 28th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy" and an average target price of C$1.58.

Atlas Engineered Products Stock Down 10.1%

The business has a fifty day moving average price of C$0.85 and a two-hundred day moving average price of C$0.87. 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 capitalization of C$49.93 million, a price-to-earnings ratio of 71.00 and a beta of 0.39.

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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