BidaskClub lowered shares of CECO Environmental (NASDAQ:CECE) from a hold rating to a sell rating in a research report report published on Thursday morning, BidAskClub reports.
CECE has been the subject of several other research reports. Zacks Investment Research cut shares of Hess Midstream Partners from a hold rating to a sell rating in a report on Tuesday, May 14th. Maxim Group set a $7.00 target price on shares of Eagle Bulk Shipping and gave the company a buy rating in a report on Wednesday, May 8th. Finally, Roth Capital restated a buy rating on shares of Gold Resource in a report on Tuesday, June 11th. One investment analyst has rated the stock with a sell rating and seven have given a buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $9.92.
Shares of CECO Environmental stock opened at $8.87 on Thursday. The firm has a fifty day moving average of $9.19. CECO Environmental has a 12-month low of $6.44 and a 12-month high of $9.84. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.40 and a current ratio of 1.59. The firm has a market cap of $310.91 million, a PE ratio of 30.59, a price-to-earnings-growth ratio of 1.12 and a beta of 0.92.
CECO Environmental (NASDAQ:CECE) last issued its earnings results on Wednesday, May 8th. The industrial products company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.04. CECO Environmental had a negative net margin of 3.16% and a positive return on equity of 6.82%. The business had revenue of $86.01 million during the quarter, compared to analysts’ expectations of $86.42 million. Analysts expect that CECO Environmental will post 0.53 earnings per share for the current year.
A number of large investors have recently modified their holdings of the stock. Campbell & CO Investment Adviser LLC bought a new stake in shares of CECO Environmental in the second quarter worth $170,000. Marshall Wace LLP bought a new stake in shares of CECO Environmental in the first quarter worth $233,000. Trigran Investments Inc. increased its stake in shares of CECO Environmental by 2.5% in the first quarter. Trigran Investments Inc. now owns 4,752,988 shares of the industrial products company’s stock worth $34,222,000 after buying an additional 115,490 shares during the last quarter. Alambic Investment Management L.P. acquired a new position in CECO Environmental in the first quarter worth $300,000. Finally, Acadian Asset Management LLC boosted its holdings in CECO Environmental by 125.4% in the first quarter. Acadian Asset Management LLC now owns 110,401 shares of the industrial products company’s stock worth $796,000 after purchasing an additional 61,425 shares during the period. Hedge funds and other institutional investors own 66.94% of the company’s stock.
CECO Environmental Company Profile
CECO Environmental Corp. provides industrial air quality and fluid handling systems for the energy, industrial, and other markets worldwide. The company operates through three segments: Energy Solutions, Environmental Solutions, and Fluid Handling and Filtration Solutions. The company engineers, designs, builds, and installs systems that capture, clean, and destroy airborne contaminants from industrial facilities, as well as equipment that control emissions from such facilities; and fluid handling and filtration systems.
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