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

Atlas Engineered Products Ltd. (CVE:AEP) hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$0.85 and last traded at C$0.93, with a volume of 202521 shares changing hands. The stock had previously closed at C$0.88.

Wall Street Analysts Forecast Growth

Separately, Raymond James cut Atlas Engineered Products from a “strong-buy” rating to a “moderate buy” rating in a research note on Monday.

Atlas Engineered Products Price Performance

The company’s 50-day moving average price is C$1.00 and its 200-day moving average price is C$1.17. 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 firm has a market cap of C$66.23 million, a price-to-earnings ratio of 35.19 and a beta of 1.13.

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.