Atlas Engineered Products (CVE:AEP) Hits New 52-Week Low – Time to Sell?

Atlas Engineered Products Ltd. (CVE:AEP) shares hit a new 52-week low on Monday . The stock traded as low as C$0.94 and last traded at C$0.95, with a volume of 33345 shares changing hands. The stock had previously closed at C$0.97.

Wall Street Analysts Forecast Growth

AEP has been the topic of several analyst reports. Ventum Financial lowered their price objective on Atlas Engineered Products from C$2.00 to C$1.75 in a research report on Tuesday, November 26th. Raymond James lowered their price target on Atlas Engineered Products from C$2.40 to C$2.10 and set a “strong-buy” rating on the stock in a report on Thursday, January 30th.

Atlas Engineered Products Stock Down 2.1 %

The company has a quick ratio of 2.31, a current ratio of 4.16 and a debt-to-equity ratio of 62.14. The company has a market cap of C$69.91 million, a PE ratio of 37.15 and a beta of 1.13. The company’s fifty day moving average is C$1.15 and its 200-day moving average is C$1.23.

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.