CECO Environmental Corp. (NASDAQ:CECE) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Tuesday.

According to Zacks, “CECO ENVIRONMENTAL CORP. manufactures and sells, primarily in the United States, of fiber bed mist eliminators to the chemical, printing, plating, power generation, food processing, waste incineration and textile industries. “

Other analysts have also recently issued research reports about the company. Needham & Company LLC raised CECO Environmental Corp. from a “buy” rating to a “strong-buy” rating and raised their price target for the company from $9.51 to $13.00 in a report on Thursday, July 6th. BidaskClub raised CECO Environmental Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Four equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. CECO Environmental Corp. has a consensus rating of “Hold” and a consensus price target of $13.25.

Shares of CECO Environmental Corp. (CECE) traded up 1.02% on Tuesday, hitting $9.87. The company had a trading volume of 64,185 shares. The firm’s market capitalization is $340.13 million. CECO Environmental Corp. has a 1-year low of $8.73 and a 1-year high of $14.88. The company has a 50 day moving average price of $9.40 and a 200 day moving average price of $11.39.

CECO Environmental Corp. (NASDAQ:CECE) last issued its quarterly earnings data on Wednesday, May 10th. The industrial products company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02. The business had revenue of $92.70 million for the quarter, compared to analysts’ expectations of $97.10 million. CECO Environmental Corp. had a positive return on equity of 15.78% and a negative net margin of 10.15%. The firm’s quarterly revenue was down 10.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.18 EPS. On average, equities analysts forecast that CECO Environmental Corp. will post $0.83 earnings per share for the current fiscal year.

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Institutional investors have recently made changes to their positions in the stock. LSV Asset Management purchased a new position in shares of CECO Environmental Corp. during the first quarter valued at approximately $104,000. SG Americas Securities LLC purchased a new position in shares of CECO Environmental Corp. during the first quarter valued at approximately $112,000. Campbell & CO Investment Adviser LLC purchased a new position in shares of CECO Environmental Corp. during the first quarter valued at approximately $118,000. Globeflex Capital L P purchased a new position in shares of CECO Environmental Corp. during the first quarter valued at approximately $134,000. Finally, Gotham Asset Management LLC purchased a new position in shares of CECO Environmental Corp. during the first quarter valued at approximately $135,000. Hedge funds and other institutional investors own 68.85% of the company’s stock.

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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