Atlas Engineered Products (CVE:AEP) Lifted to “Strong-Buy” at Raymond James

Raymond James upgraded shares of Atlas Engineered Products (CVE:AEP) to a strong-buy rating in a report released on Wednesday, Zacks.com reports.

A number of other equities research analysts also recently issued reports on AEP. Clarus Securities raised shares of Atlas Engineered Products to a strong-buy rating in a report on Monday, June 3rd. Ventum Cap Mkts raised Atlas Engineered Products to a strong-buy rating in a report on Thursday, June 27th. Finally, Cormark dropped their price target on Atlas Engineered Products from C$2.20 to C$2.10 in a research report on Tuesday, August 20th.

Atlas Engineered Products Trading Up 6.3 %

Shares of AEP stock opened at C$1.35 on Wednesday. The stock has a market capitalization of C$79.81 million, a price-to-earnings ratio of 19.29 and a beta of 1.13. The company’s fifty day simple moving average is C$1.32 and its two-hundred day simple moving average is C$1.42. Atlas Engineered Products has a 1 year low of C$0.93 and a 1 year high of C$1.70. The company has a debt-to-equity ratio of 62.14, a current ratio of 4.16 and a quick ratio of 2.31.

Atlas Engineered Products (CVE:AEP) last released its quarterly earnings data on Friday, August 16th. The company reported C$0.01 earnings per share (EPS) for the quarter. The company had revenue of C$15.09 million for the quarter, compared to analyst estimates of C$13.95 million. Atlas Engineered Products had a return on equity of 3.90% and a net margin of 2.90%. As a group, analysts anticipate that Atlas Engineered Products will post 0.0743802 earnings per share for the current year.

Insider Transactions at Atlas Engineered Products

In other Atlas Engineered Products news, Director Mohammad Hadi Abassi sold 195,000 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of C$1.30, for a total value of C$253,500.00. 16.92% of the stock is currently owned by company insiders.

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.