CECO Environmental Corp. (CECE) Reaches New 52-Week High at $11.44
CECO Environmental Corp. (NASDAQ:CECE) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $11.44 and last traded at $11.20, with a volume of 298,037 shares. The stock had previously closed at $11.00.
Several equities research analysts recently issued reports on CECE shares. Zacks Investment Research raised shares of CECO Environmental Corp. from a “sell” rating to a “hold” rating in a report on Thursday, May 12th. Canaccord Genuity reissued a “buy” rating and issued a $12.00 target price on shares of CECO Environmental Corp. in a report on Friday, May 13th. 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, Needham & Company LLC increased their target price on shares of CECO Environmental Corp. from $10.00 to $13.00 and gave the stock a “buy” rating in a report on Wednesday, August 10th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. CECO Environmental Corp. currently has a consensus rating of “Buy” and an average price target of $10.61.
The stock has a 50 day moving average price of $9.60 and a 200 day moving average price of $7.72. The company’s market capitalization is $390.21 million.
CECO Environmental Corp. (NASDAQ:CECE) last announced its earnings results on Tuesday, August 9th. The company reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.03. During the same period in the previous year, the firm posted $0.32 earnings per share. The business had revenue of $112.30 million for the quarter, compared to analysts’ expectations of $107.03 million. The firm’s revenue was up 29.1% compared to the same quarter last year. Analysts anticipate that CECO Environmental Corp. will post $0.80 EPS 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 given a dividend of $0.066 per share. This represents a $0.26 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend is Wednesday, September 14th.
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.