Somewhat Positive Press Coverage Somewhat Unlikely to Affect CECO Environmental Corp. (CECE) Share Price
Press coverage about CECO Environmental Corp. (NASDAQ:CECE) has trended somewhat positive on Saturday, according to Accern. The research group identifies negative and positive media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CECO Environmental Corp. earned a daily sentiment score of 0.14 on Accern’s scale. Accern also assigned news headlines about the industrial products company an impact score of 45.5943834541012 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Several brokerages recently issued reports on CECE. ValuEngine raised shares of CECO Environmental Corp. from a “hold” rating to a “buy” rating in a research note on Thursday. Zacks Investment Research downgraded shares of CECO Environmental Corp. from a “hold” rating to a “strong sell” rating in a research note on Monday, August 14th. William Blair downgraded shares of CECO Environmental Corp. from an “outperform” rating to a “market perform” rating in a research note on Friday, August 11th. BidaskClub downgraded shares of CECO Environmental Corp. from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Finally, Needham & Company LLC raised shares of CECO Environmental Corp. from a “buy” rating to a “strong-buy” rating and upped their price objective for the company from $9.51 to $13.00 in a research note on Thursday, July 6th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $12.33.
CECO Environmental Corp. (NASDAQ CECE) opened at 8.55 on Friday. The stock’s market cap is $294.87 million. The company’s 50 day moving average is $7.90 and its 200 day moving average is $9.38. CECO Environmental Corp. has a 52 week low of $6.94 and a 52 week high of $14.88.
CECO Environmental Corp. (NASDAQ:CECE) last released its earnings results on Wednesday, August 9th. The industrial products company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.11). The firm had revenue of $93.90 million during the quarter, compared to analysts’ expectations of $99.09 million. CECO Environmental Corp. had a positive return on equity of 14.60% and a negative net margin of 10.27%. The business’s revenue was down 16.4% on a year-over-year basis. During the same period last year, the business earned $0.21 earnings per share. Equities analysts predict that CECO Environmental Corp. will post $0.59 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were given a $0.075 dividend. This represents a $0.30 annualized dividend and a dividend yield of 3.51%. The ex-dividend date of this dividend was Thursday, September 14th. CECO Environmental Corp.’s dividend payout ratio (DPR) is currently -25.86%.
In other news, Director Jonathan Pollack bought 6,800 shares of the company’s stock in a transaction dated Wednesday, August 16th. The shares were acquired at an average cost of $7.31 per share, with a total value of $49,708.00. Following the completion of the transaction, the director now directly owns 26,146 shares in the company, valued at approximately $191,127.26. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jason Dezwirek bought 25,000 shares of the company’s stock in a transaction dated Tuesday, August 15th. The stock was purchased at an average cost of $7.27 per share, for a total transaction of $181,750.00. Following the completion of the transaction, the director now owns 1,410,616 shares of the company’s stock, valued at $10,255,178.32. The disclosure for this purchase can be found here. Company insiders own 14.30% of the company’s stock.
About CECO Environmental Corp.
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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