Shares of CECO Environmental Corp. (NASDAQ:CECE) have received an average recommendation of “Hold” from the eight ratings firms that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $11.00.

CECE has been the subject of a number of research analyst reports. Zacks Investment Research lowered shares of CECO Environmental from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. Needham & Company LLC lowered shares of CECO Environmental from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 9th. ValuEngine lowered shares of CECO Environmental from a “buy” rating to a “hold” rating in a report on Thursday, November 9th. TheStreet lowered shares of CECO Environmental from a “c-” rating to a “d+” rating in a report on Monday, November 27th. Finally, Roth Capital reissued a “neutral” rating on shares of CECO Environmental in a report on Thursday, November 9th.

Shares of CECO Environmental (NASDAQ CECE) traded down $0.10 during trading hours on Tuesday, hitting $5.13. 118,800 shares of the stock traded hands, compared to its average volume of 198,377. CECO Environmental has a 52-week low of $4.68 and a 52-week high of $14.46. The company has a quick ratio of 1.38, a current ratio of 1.57 and a debt-to-equity ratio of 0.54. The company has a market cap of $178.05, a PE ratio of -4.14, a PEG ratio of 0.88 and a beta of 1.31.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. Tudor Investment Corp ET AL bought a new stake in CECO Environmental in the second quarter worth $101,000. Voya Investment Management LLC lifted its position in CECO Environmental by 23.2% in the second quarter. Voya Investment Management LLC now owns 15,660 shares of the industrial products company’s stock worth $144,000 after buying an additional 2,947 shares during the last quarter. Macquarie Group Ltd. bought a new stake in CECO Environmental in the third quarter worth $205,000. Sei Investments Co. bought a new stake in CECO Environmental in the third quarter worth $210,000. Finally, The Manufacturers Life Insurance Company lifted its position in CECO Environmental by 10.3% in the second quarter. The Manufacturers Life Insurance Company now owns 26,404 shares of the industrial products company’s stock worth $242,000 after buying an additional 2,471 shares during the last quarter. Institutional investors own 67.49% of the company’s stock.

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About CECO Environmental

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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