CECO Environmental Corp. (CECE) Sees Strong Trading Volume
CECO Environmental Corp. (NASDAQ:CECE) saw unusually-high trading volume on Thursday . Approximately 341,603 shares were traded during 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.
CECE has been the topic of several recent analyst reports. Needham & Company LLC increased their price objective on shares of CECO Environmental Corp. from $10.00 to $13.00 and gave the company a “buy” rating in a report on Wednesday, August 10th. Zacks Investment Research raised shares of CECO Environmental Corp. from a “sell” rating to a “hold” rating in a report on Thursday, May 12th. Seaport Global Securities raised shares of CECO Environmental Corp. from a “speculative buy” rating to a “buy” rating in a report on Wednesday, May 11th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $12.00 price objective on shares of CECO Environmental Corp. in a report on Friday, May 13th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. CECO Environmental Corp. presently has a consensus rating of “Buy” and an average target price of $10.61.
The stock has a 50 day moving average of $10.12 and a 200-day moving average of $7.97. The stock’s market capitalization is $381.72 million.
CECO Environmental Corp. (NASDAQ:CECE) last announced its quarterly earnings data on Tuesday, August 9th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.03. The firm earned $112.30 million during the quarter, compared to analyst estimates of $107.03 million. During the same period in the prior year, the firm posted $0.32 earnings per share. The business’s quarterly revenue was up 29.1% compared to the same quarter last year. On average, equities analysts predict that CECO Environmental Corp. will post $0.80 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 16th will be paid a $0.066 dividend. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $0.26 annualized dividend and a yield of 2.35%.
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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