Atlas Engineered Products (CVE:AEP) Shares Up 0.8% – Should You Buy?

Atlas Engineered Products Ltd. (CVE:AEP)’s share price traded up 0.8% during mid-day trading on Thursday . The stock traded as high as C$1.25 and last traded at C$1.25. 27,726 shares changed hands during trading, a decline of 78% from the average session volume of 128,294 shares. The stock had previously closed at C$1.24.

Analyst Ratings Changes

A number of research firms have commented on AEP. Ventum Financial reduced their target price on shares of Atlas Engineered Products from C$2.00 to C$1.75 in a report on Tuesday, November 26th. Raymond James set a C$2.25 price objective on Atlas Engineered Products and gave the company a “strong-buy” rating in a research note on Thursday, September 12th.

Atlas Engineered Products Price Performance

The company has a market cap of C$72.72 million, a price-to-earnings ratio of 17.57 and a beta of 1.13. The company’s 50 day moving average price is C$1.23 and its 200 day moving average price is C$1.31. The company has a current ratio of 4.16, a quick ratio of 2.31 and a debt-to-equity ratio of 62.14.

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.