CECO Environmental Corp. (CECE) Shares Up 1.4%
CECO Environmental Corp. (NASDAQ:CECE) shot up 1.4% on Wednesday . The stock traded as high as $11.70 and last traded at $11.65, with a volume of 178,952 shares traded. The stock had previously closed at $11.49.
Several research firms have weighed in on CECE. Canaccord Genuity reiterated a “buy” rating and issued a $12.00 price objective on shares of CECO Environmental Corp. in a report on Friday, May 13th. Seaport Global Securities upgraded CECO Environmental Corp. from a “speculative buy” rating to a “buy” rating in a report on Wednesday, May 11th. Zacks Investment Research upgraded CECO Environmental Corp. from a “sell” rating to a “hold” rating in a report on Thursday, May 12th. Finally, Needham & Company LLC increased their price objective on CECO Environmental Corp. from $10.00 to $13.00 and gave the stock a “buy” rating in a report on Wednesday, August 10th. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $10.61.
The company’s 50-day moving average price is $9.68 and its 200-day moving average price is $7.75. The stock’s market capitalization is $395.65 million.
CECO Environmental Corp. (NASDAQ:CECE) last announced its quarterly earnings results on Tuesday, August 9th. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03. During the same period last year, the firm earned $0.32 earnings per share. The company earned $112.30 million during the quarter, compared to analysts’ expectations of $107.03 million. CECO Environmental Corp.’s revenue was up 29.1% on a year-over-year basis. On average, equities analysts expect that CECO Environmental Corp. will post $0.80 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Friday, September 16th will be given a $0.066 dividend. The ex-dividend date is Wednesday, September 14th. This represents a $0.26 dividend on an annualized basis and a yield of 2.27%.
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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