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

Atlas Engineered Products Ltd. (CVE:AEP)’s stock price shot up 0.8% on Thursday . The stock traded as high as C$1.25 and last traded at C$1.25. 27,726 shares changed hands during mid-day 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

AEP has been the topic of several recent analyst reports. Raymond James set a C$2.25 target price on Atlas Engineered Products and gave the company a “strong-buy” rating in a research note on Thursday, September 12th. Ventum Financial decreased their target price on shares of Atlas Engineered Products from C$2.00 to C$1.75 in a research report on Tuesday, November 26th.

Atlas Engineered Products Stock Up 0.8 %

The firm has a 50-day moving average of C$1.23 and a two-hundred day moving average of C$1.31. The stock has a market capitalization of C$73.90 million, a price-to-earnings ratio of 17.86 and a beta of 1.13. The company has a quick ratio of 2.31, a current ratio of 4.16 and a debt-to-equity ratio of 62.14.

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.