Atlas Engineered Products (CVE:AEP) Hits New 1-Year Low – Here’s Why

Atlas Engineered Products Ltd. (CVE:AEP) shares reached a new 52-week low on Monday . The company traded as low as C$0.85 and last traded at C$0.86, with a volume of 28306 shares. The stock had previously closed at C$0.88.

Analyst Upgrades and Downgrades

Separately, Raymond James lowered shares of Atlas Engineered Products from a “strong-buy” rating to a “moderate buy” rating in a report on Monday, March 31st.

Atlas Engineered Products Stock Down 2.3 %

The business has a fifty day moving average of C$0.97 and a 200 day moving average of C$1.15. 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$63.29 million, a P/E ratio of 33.63 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.