Atlas Engineered Products (CVE:AEP) Reaches New 12-Month Low – What’s Next?

Atlas Engineered Products Ltd. (CVE:AEP)’s share price reached a new 52-week low on Thursday . The stock traded as low as C$0.58 and last traded at C$0.60, with a volume of 305050 shares. The stock had previously closed at C$0.58.

Analysts Set New Price Targets

Separately, Desjardins set a C$1.35 price objective on shares of Atlas Engineered Products and gave the company a “buy” rating in a report on Tuesday, September 16th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of C$1.43.

Atlas Engineered Products Price Performance

The company has a current ratio of 4.16, a quick ratio of 2.31 and a debt-to-equity ratio of 62.14. The company has a fifty day moving average price of C$0.70 and a two-hundred day moving average price of C$0.79. The firm has a market cap of C$42.85 million, a P/E ratio of -61.00 and a beta of -0.09.

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.