Atlas Engineered Products (CVE:AEP) Cut to “Moderate Buy” at Raymond James

Atlas Engineered Products (CVE:AEP) was downgraded by Raymond James from a “strong-buy” rating to a “moderate buy” rating in a report issued on Monday,Zacks.com reports. Raymond James also issued estimates for Atlas Engineered Products’ FY2025 earnings at $0.02 EPS.

Atlas Engineered Products Trading Down 1.1 %

Atlas Engineered Products stock opened at C$0.94 on Monday. The company has a quick ratio of 2.31, a current ratio of 4.16 and a debt-to-equity ratio of 62.14. Atlas Engineered Products has a 52 week low of C$0.85 and a 52 week high of C$1.70. The stock has a 50-day moving average price of C$1.00 and a 200 day moving average price of C$1.17. The company has a market capitalization of C$69.18 million, a price-to-earnings ratio of 36.76 and a beta of 1.13.

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.