CECO Environmental (CECE) Shares Up 6.5%

CECO Environmental Corp. (NASDAQ:CECE)’s share price shot up 6.5% during trading on Monday . The company traded as high as $5.25 and last traded at $5.11. 581,116 shares were traded during trading, an increase of 194% from the average session volume of 197,877 shares. The stock had previously closed at $4.80.

A number of brokerages have commented on CECE. TheStreet downgraded shares of CECO Environmental from a “c-” rating to a “d+” rating in a research note on Monday, November 27th. Needham & Company LLC downgraded shares of CECO Environmental from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 9th. Zacks Investment Research downgraded shares of CECO Environmental from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. ValuEngine downgraded shares of CECO Environmental from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Roth Capital reaffirmed a “neutral” rating on shares of CECO Environmental in a research note on Thursday, November 9th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $12.00.

The company has a quick ratio of 1.38, a current ratio of 1.57 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $178.40, a P/E ratio of 7.27, a P/E/G ratio of 0.82 and a beta of 1.30.

CECO Environmental (NASDAQ:CECE) last issued its earnings results on Wednesday, November 8th. The industrial products company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). The firm had revenue of $85.00 million for the quarter, compared to analysts’ expectations of $92.66 million. CECO Environmental had a return on equity of 6.22% and a net margin of 3.57%. CECO Environmental’s revenue for the quarter was down 16.3% on a year-over-year basis. During the same period last year, the firm earned $0.24 earnings per share. equities research analysts expect that CECO Environmental Corp. will post 0.39 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in CECE. Teachers Advisors LLC raised its stake in shares of CECO Environmental by 5.2% in the 1st quarter. Teachers Advisors LLC now owns 101,837 shares of the industrial products company’s stock valued at $1,070,000 after acquiring an additional 5,050 shares during the period. Vanguard Group Inc. raised its stake in shares of CECO Environmental by 13.9% in the 1st quarter. Vanguard Group Inc. now owns 1,203,960 shares of the industrial products company’s stock valued at $12,654,000 after acquiring an additional 146,895 shares during the period. Geode Capital Management LLC raised its stake in shares of CECO Environmental by 5.5% in the 1st quarter. Geode Capital Management LLC now owns 228,779 shares of the industrial products company’s stock valued at $2,404,000 after acquiring an additional 11,935 shares during the period. Bank of America Corp DE raised its stake in shares of CECO Environmental by 32.8% in the 1st quarter. Bank of America Corp DE now owns 21,696 shares of the industrial products company’s stock valued at $228,000 after acquiring an additional 5,353 shares during the period. Finally, Janney Montgomery Scott LLC raised its stake in shares of CECO Environmental by 17.5% in the 2nd quarter. Janney Montgomery Scott LLC now owns 40,386 shares of the industrial products company’s stock valued at $371,000 after acquiring an additional 6,011 shares during the period. 67.49% of the stock is currently owned by institutional investors and hedge funds.

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CECO Environmental Company Profile

CECO Environmental Corp. is a provider of engineered technologies to the environmental, energy, and fluid handling and filtration industrial segments. The Company is focused on engineering, designing, building and installing systems that capture, clean and destroy airborne contaminants from industrial facilities, as well as equipment that controls emissions from such facilities, and fluid handling and filtration systems.

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