CECO Environmental Corp. (NASDAQ:CECE) Earning Somewhat Positive News Coverage, Study Finds
Media stories about CECO Environmental Corp. (NASDAQ:CECE) have been trending somewhat positive recently, according to Accern Sentiment. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. CECO Environmental Corp. earned a daily sentiment score of 0.22 on Accern’s scale. Accern also assigned news stories about the industrial products company an impact score of 45.9281566618268 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
CECO Environmental Corp. (CECE) opened at 9.65 on Tuesday. CECO Environmental Corp. has a 12-month low of $8.94 and a 12-month high of $14.88. The firm has a 50-day moving average of $9.64 and a 200 day moving average of $10.68. The company’s market capitalization is $332.55 million.
CECO Environmental Corp. (NASDAQ:CECE) last released its earnings results on Wednesday, May 10th. The industrial products company reported $0.20 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.02. The firm had revenue of $92.70 million for the quarter, compared to analysts’ expectations of $97.10 million. CECO Environmental Corp. had a negative net margin of 10.15% and a positive return on equity of 15.78%. The company’s quarterly revenue was down 10.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.18 earnings per share. Analysts forecast that CECO Environmental Corp. will post $0.83 EPS for the current fiscal year.
CECE has been the topic of several research analyst reports. Zacks Investment Research raised shares of CECO Environmental Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. BidaskClub raised shares of CECO Environmental Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Finally, Needham & Company LLC raised shares of CECO Environmental Corp. from a “buy” rating to a “strong-buy” rating and increased their price target for the company from $9.51 to $13.00 in a report on Thursday, July 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $13.25.
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About CECO Environmental Corp.
CECO Environmental Corp. is a provider of engineered technologies to the environmental, energy, and fluid handling and filtration industrial segments. The Company is focused 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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