Mohammad Hadi Abassi Purchases 16,500 Shares of Atlas Engineered Products Ltd. (CVE:AEP) Stock

Atlas Engineered Products Ltd. (CVE:AEP) Director Mohammad Hadi Abassi bought 16,500 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was bought at an average cost of C$1.20 per share, for a total transaction of C$19,800.00.

Atlas Engineered Products Stock Performance

CVE:AEP remained flat at C$1.15 during mid-day trading on Wednesday. 203,576 shares of the company’s stock traded hands, compared to its average volume of 126,628. The stock has a market capitalization of C$67.99 million, a P/E ratio of 16.43 and a beta of 1.13. The business has a 50-day simple moving average of C$1.28 and a 200 day simple moving average of C$1.33. Atlas Engineered Products Ltd. has a 52-week low of C$0.93 and a 52-week high of C$1.70. The company has a current ratio of 4.16, a quick ratio of 2.31 and a debt-to-equity ratio of 62.14.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on AEP shares. Raymond James set a C$2.25 target price on shares of Atlas Engineered Products and gave the stock a “strong-buy” rating in a report on Thursday, September 12th. Cormark decreased their price target on Atlas Engineered Products from C$2.20 to C$2.10 in a report on Tuesday, August 20th. Finally, Ventum Financial dropped their price target on Atlas Engineered Products from C$2.00 to C$1.75 in a research report on Tuesday.

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.