CECO Environmental Corp. (CECE) Sees Large Volume Increase
CECO Environmental Corp. (NASDAQ:CECE) saw an uptick in trading volume on Thursday . 341,603 shares traded hands during mid-day trading, an increase of 39% from the previous session’s volume of 246,555 shares.The stock last traded at $10.97 and had previously closed at $10.99.
Several equities research analysts have commented on CECE shares. Zacks Investment Research upgraded CECO Environmental Corp. from a “sell” rating to a “hold” rating in a research note on Thursday, May 12th. Canaccord Genuity reiterated a “buy” rating and set a $12.00 price objective on shares of CECO Environmental Corp. in a research note on Friday, May 13th. Seaport Global Securities upgraded CECO Environmental Corp. from a “speculative buy” rating to a “buy” rating in a research note on Wednesday, May 11th. Finally, Needham & Company LLC boosted their price objective on CECO Environmental Corp. from $10.00 to $13.00 and gave the stock a “buy” rating in a research note on Wednesday, August 10th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $10.61.
The company’s market cap is $377.99 million. The firm has a 50-day moving average of $10.04 and a 200 day moving average of $7.93.
CECO Environmental Corp. (NASDAQ:CECE) last announced its earnings results on Tuesday, August 9th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.03. The business had revenue of $112.30 million for the quarter, compared to analyst estimates of $107.03 million. CECO Environmental Corp.’s quarterly revenue was up 29.1% on a year-over-year basis. During the same quarter last year, the company posted $0.32 EPS. On average, equities analysts predict that CECO Environmental Corp. will post $0.80 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Friday, September 16th will be paid a dividend of $0.066 per share. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $0.26 annualized dividend and a dividend yield of 2.37%.
CECO Environmental Corp. is a provider of engineered technologies to the environmental, energy, and fluid handling and filtration industrial segments. The Company focuses 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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