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

A number of other research firms have also recently weighed in on CECE. ValuEngine raised shares of CECO Environmental from a “hold” rating to a “buy” rating in a research note on Thursday, October 5th. Roth Capital reaffirmed a “neutral” rating on shares of CECO Environmental in a research note on Thursday, November 9th. Needham & Company LLC cut shares of CECO Environmental from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 9th. Finally, TheStreet cut shares of CECO Environmental from a “c-” rating to a “d+” rating in a research note on Monday, November 27th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. CECO Environmental has an average rating of “Hold” and an average price target of $12.00.

CECO Environmental (NASDAQ CECE) traded down $0.02 during trading hours on Tuesday, hitting $5.15. 303,752 shares of the stock were exchanged, compared to its average volume of 182,867. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.38 and a current ratio of 1.57. CECO Environmental has a fifty-two week low of $4.68 and a fifty-two week high of $14.39. The firm has a market cap of $183.60, a PE ratio of -4.15, a PEG ratio of 0.63 and a beta of 1.31.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Tudor Investment Corp ET AL acquired a new stake in CECO Environmental in the 2nd quarter valued at about $101,000. Voya Investment Management LLC grew its stake in CECO Environmental by 23.2% in the 2nd quarter. Voya Investment Management LLC now owns 15,660 shares of the industrial products company’s stock valued at $144,000 after acquiring an additional 2,947 shares during the last quarter. Macquarie Group Ltd. acquired a new stake in CECO Environmental in the 3rd quarter valued at about $205,000. Sei Investments Co. acquired a new stake in CECO Environmental in the 3rd quarter valued at about $210,000. Finally, The Manufacturers Life Insurance Company grew its stake in CECO Environmental by 10.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 26,404 shares of the industrial products company’s stock valued at $242,000 after acquiring an additional 2,471 shares during the last quarter. 67.49% of the stock is currently owned by hedge funds and other institutional investors.

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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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