CECO Environmental Corp. (NASDAQ:CECE) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.

CECE has been the topic of a number of other reports. Zacks Investment Research raised shares of CECO Environmental Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Needham & Company LLC raised shares of CECO Environmental Corp. from a “buy” rating to a “strong-buy” rating and raised their price objective for the company from $9.51 to $13.00 in a research note on Thursday, July 6th. One 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 company presently has a consensus rating of “Hold” and an average target price of $13.25.

Shares of CECO Environmental Corp. (NASDAQ CECE) traded down 1.31% during midday trading on Wednesday, reaching $9.78. 254,839 shares of the company’s stock traded hands. CECO Environmental Corp. has a 52-week low of $8.77 and a 52-week high of $14.88. The company has a 50 day moving average of $9.55 and a 200 day moving average of $10.95. The firm’s market cap is $337.03 million.

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

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

CECO Environmental Corp. Company Profile

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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