Atlas Engineered Products (CVE:AEP) Price Target Lowered to C$1.75 at Ventum Financial

Atlas Engineered Products (CVE:AEP) had its target price reduced by Ventum Financial from C$2.00 to C$1.75 in a report issued on Tuesday,BayStreet.CA reports.

A number of other research firms have also weighed in on AEP. Cormark decreased their price target on Atlas Engineered Products from C$2.20 to C$2.10 in a research report on Tuesday, August 20th. Raymond James set a C$2.25 target price on Atlas Engineered Products and gave the stock a “strong-buy” rating in a research report on Thursday, September 12th.

Atlas Engineered Products Stock Performance

AEP opened at C$1.15 on Tuesday. 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$67.99 million, a PE ratio of 15.29 and a beta of 1.13. The business has a fifty day simple moving average of C$1.28 and a 200-day simple moving average of C$1.34. Atlas Engineered Products has a fifty-two week low of C$0.93 and a fifty-two week high of C$1.70.

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.