Atlas Engineered Products (CVE:AEP) Trading Up 0.8% – Time to Buy?

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

Wall Street Analyst Weigh In

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

Atlas Engineered Products Stock Down 1.6 %

The firm has a market cap of C$72.72 million, a PE ratio of 17.57 and a beta of 1.13. 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 firm has a 50 day moving average price of C$1.23 and a 200-day moving average price of C$1.31.

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.