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.
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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.
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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.
