Shares of CECO Environmental Corp. (NASDAQ:CECE) have been assigned a consensus rating of “Hold” from the eight ratings firms that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $11.00.

Several equities research analysts have commented on CECE shares. ValuEngine cut CECO Environmental from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Zacks Investment Research cut CECO Environmental from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. Needham & Company LLC cut CECO Environmental 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 in a research note on Thursday, November 9th. Finally, TheStreet cut CECO Environmental from a “c-” rating to a “d+” rating in a research note on Monday, November 27th.

CECO Environmental (CECE) traded down $0.03 during trading hours on Friday, hitting $4.96. The stock had a trading volume of 153,100 shares, compared to its average volume of 192,776. CECO Environmental has a fifty-two week low of $4.91 and a fifty-two week high of $14.88. 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 $173.19, a PE ratio of 7.56, a PEG ratio of 0.85 and a beta of 1.30.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CECE. Tudor Investment Corp ET AL bought a new stake in CECO Environmental in the 2nd quarter valued at approximately $101,000. Voya Investment Management LLC increased its position in shares of CECO Environmental by 23.2% during the 2nd quarter. Voya Investment Management LLC now owns 15,660 shares of the industrial products company’s stock worth $144,000 after purchasing an additional 2,947 shares during the last quarter. Macquarie Group Ltd. acquired a new position in shares of CECO Environmental during the 3rd quarter worth approximately $205,000. Sei Investments Co. acquired a new position in shares of CECO Environmental during the 3rd quarter worth approximately $210,000. Finally, Bank of America Corp DE increased its position in shares of CECO Environmental by 32.8% during the 1st quarter. Bank of America Corp DE now owns 21,696 shares of the industrial products company’s stock worth $228,000 after purchasing an additional 5,353 shares during the last quarter. Hedge funds and other institutional investors own 67.49% of the company’s stock.

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CECO Environmental 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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