Atlas Engineered Products (CVE:AEP) Stock Price Down 1.6% – Here’s Why

Atlas Engineered Products Ltd. (CVE:AEP) shares fell 1.6% during mid-day trading on Friday . The stock traded as low as C$1.19 and last traded at C$1.20. 47,187 shares traded hands during mid-day trading, a decline of 30% from the average session volume of 66,964 shares. The stock had previously closed at C$1.22.

Wall Street Analyst Weigh In

Separately, 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.

Atlas Engineered Products Trading Down 1.6 %

The company has a debt-to-equity ratio of 62.14, a quick ratio of 2.31 and a current ratio of 4.16. The company’s 50-day moving average price is C$1.22 and its 200-day moving average price is C$1.29. The firm has a market capitalization of C$70.94 million, a PE ratio of 17.14 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.