The stock of CECO Environmental Corp. (NASDAQ:CECO) last traded at $14.13, up 2.76% from the previous session.
Data from the available sources indicates that CECO Environmental Corp. (NASDAQ:CECO) is covered by 5 analysts. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $17.00 and a low of $15.00, we find $16.00. Given the previous closing price of $13.75, this indicates a potential upside of 16.36 percent. CECO stock price is now 19.36% away from the 50-day moving average and 65.61% away from the 200-day moving average. The market capitalization of the company currently stands at $470.67M.
In total, 0 analysts have assigned it a hold rating, and 4 have given it a buy rating. Brokers who have rated the stock have averaged $16.00 as their price target over the next twelve months.
In other news, Gleason Todd R, Chief Executive Officer sold 11,000 shares of the company’s stock on Dec 29. The stock was sold for $127,436 at an average price of $11.59. Upon completion of the transaction, the Chief Executive Officer now directly owns 178,021 shares in the company, valued at $2.52 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 18, Chief Operating Officer Nuggihalli Ramesh bought 250 shares of the business’s stock. A total of $2,812 was incurred on buying the stock at an average price of $11.25. This leaves the insider owning 75,297 shares of the company worth $1.06 million. Insiders disposed of 1,776 shares of company stock worth roughly $25094.88 over the past 1 year. A total of 1.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CECO stock. A new stake in CECO Environmental Corp. shares was purchased by EAM INVESTORS, LLC during the first quarter worth $5,151,000. VAN ECK ASSOCIATES CORP invested $2,309,000 in shares of CECO during the first quarter. In the first quarter, EAM GLOBAL INVESTORS LLC acquired a new stake in CECO Environmental Corp. valued at approximately $2,301,000. OBERWEIS ASSET MANAGEMENT INC/ acquired a new stake in CECO for approximately $2,221,000. INVESCO LTD. purchased a new stake in CECO valued at around $1,983,000 in the second quarter.
With an opening price of $13.88 on Wednesday morning, CECO Environmental Corp. (NASDAQ: CECO) set off the trading day. During the past 12 months, CECO Environmental Corp. has had a low of $4.09 and a high of $13.87. As of last week, the company has a debt-to-equity ratio of 0.55, a current ratio of 1.60, and a quick ratio of 1.00. The fifty day moving average price for CECO is $11.84 and a two-hundred day moving average price translates $8.53 for the stock.
The net profit margin was 2.60% and return on equity was 5.00% for CECO. The company reported revenue of $108.41 million for the quarter, compared to $79.98 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 35.55 percent.
Moreover, the firm recently paid out its quarterly dividend on 09/29/2017. Investors who held shares on 09/15/2017 were paid a $0.075 dividend.