CECO Environmental Corp. (NASDAQ:CECE) shares reached a new 52-week low on Wednesday . The company traded as low as $5.38 and last traded at $5.36, with a volume of 103701 shares trading hands. The stock had previously closed at $5.49.

A number of research analysts have weighed in on the company. Needham & Company LLC downgraded CECO Environmental Corp. from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 9th. Roth Capital restated a “neutral” rating on shares of CECO Environmental Corp. in a research note on Thursday, November 9th. ValuEngine downgraded CECO Environmental Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Zacks Investment Research downgraded CECO Environmental Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. Finally, William Blair downgraded CECO Environmental Corp. from an “outperform” rating to a “market perform” rating in a research note on Friday, August 11th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $12.33.

The company has a debt-to-equity ratio of 0.54, a current ratio of 1.57 and a quick ratio of 1.38. The company has a market cap of $196.45, a P/E ratio of 8.58, a P/E/G ratio of 0.97 and a beta of 1.46.

CECO Environmental Corp. (NASDAQ:CECE) last issued its earnings results on Wednesday, November 8th. The industrial products company reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.12). CECO Environmental Corp. had a positive return on equity of 11.91% and a negative net margin of 11.47%. The business had revenue of $85.00 million for the quarter, compared to the consensus estimate of $92.66 million. During the same quarter in the prior year, the firm posted $0.24 earnings per share. The business’s revenue was down 16.3% compared to the same quarter last year. research analysts predict that CECO Environmental Corp. will post 0.39 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. American International Group Inc. boosted its stake in shares of CECO Environmental Corp. by 7.1% during the 1st quarter. American International Group Inc. now owns 18,019 shares of the industrial products company’s stock worth $189,000 after acquiring an additional 1,187 shares during the period. Martingale Asset Management L P boosted its stake in shares of CECO Environmental Corp. by 1.1% during the 2nd quarter. Martingale Asset Management L P now owns 115,459 shares of the industrial products company’s stock worth $1,060,000 after acquiring an additional 1,200 shares during the period. Rhumbline Advisers boosted its stake in shares of CECO Environmental Corp. by 3.6% during the 2nd quarter. Rhumbline Advisers now owns 35,403 shares of the industrial products company’s stock worth $325,000 after acquiring an additional 1,240 shares during the period. Martin & Co. Inc. TN boosted its stake in shares of CECO Environmental Corp. by 0.9% during the 2nd quarter. Martin & Co. Inc. TN now owns 171,035 shares of the industrial products company’s stock worth $1,570,000 after acquiring an additional 1,550 shares during the period. Finally, American Century Companies Inc. boosted its stake in shares of CECO Environmental Corp. by 1.7% during the 2nd quarter. American Century Companies Inc. now owns 116,459 shares of the industrial products company’s stock worth $1,069,000 after acquiring an additional 1,952 shares during the period. Institutional investors own 69.42% of the company’s stock.

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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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