Atlas Engineered Products (CVE:AEP) Raised to Strong-Buy at Ventum Cap Mkts

Ventum Cap Mkts upgraded shares of Atlas Engineered Products (CVE:AEP) to a strong-buy rating in a research note released on Thursday morning, Zacks.com reports.

Separately, Clarus Securities raised shares of Atlas Engineered Products to a strong-buy rating in a research note on Monday, June 3rd.

Atlas Engineered Products Stock Performance

CVE:AEP opened at C$1.42 on Thursday. The firm has a market capitalization of C$83.95 million, a PE ratio of 20.29 and a beta of 1.15. The firm has a 50-day moving average price of C$1.45 and a 200 day moving average price of C$1.37. The company has a quick ratio of 2.31, a current ratio of 3.89 and a debt-to-equity ratio of 111.14. Atlas Engineered Products has a 12-month low of C$0.93 and a 12-month high of C$1.70.

Atlas Engineered Products (CVE:AEP) last posted its quarterly earnings data on Wednesday, May 29th. The company reported C($0.02) earnings per share for the quarter, missing the consensus estimate of C($0.01) by C($0.01). The firm had revenue of C$9.12 million for the quarter, compared to analyst estimates of C$9.20 million. Atlas Engineered Products had a return on equity of 9.95% and a net margin of 6.37%. Research analysts anticipate that Atlas Engineered Products will post 0.1526882 earnings per share for the current fiscal year.

Atlas Engineered Products Company Profile

Atlas Engineered Products Ltd. designs, manufactures, and sells engineered roof trusses, floor trusses, wall panels, and windows 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.