BidaskClub lowered shares of CECO Environmental Corp. (NASDAQ:CECE) from a sell rating to a strong sell rating in a research note issued to investors on Thursday morning.

A number of other brokerages also recently weighed in on CECE. Zacks Investment Research upgraded CECO Environmental Corp. from a sell rating to a hold rating in a report on Tuesday, July 18th. Needham & Company LLC upgraded CECO Environmental Corp. from a buy rating to a strong-buy rating and increased their price target for the stock from $9.51 to $13.00 in a report on Thursday, July 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $13.25.

CECO Environmental Corp. (NASDAQ:CECE) traded down 0.51% on Thursday, reaching $9.68. The company’s stock had a trading volume of 28,743 shares. CECO Environmental Corp. has a 12 month low of $8.93 and a 12 month high of $14.88. The company’s market cap is $333.58 million. The stock’s 50 day moving average price is $9.63 and its 200 day moving average price is $10.78.

CECO Environmental Corp. (NASDAQ:CECE) last issued its quarterly earnings results on Wednesday, May 10th. The industrial products company reported $0.20 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.02. CECO Environmental Corp. had a positive return on equity of 15.78% and a negative net margin of 10.15%. The firm had revenue of $92.70 million during the quarter, compared to the consensus estimate of $97.10 million. During the same period last year, the business posted $0.18 EPS. The business’s revenue was down 10.2% compared to the same quarter last year. Equities research analysts forecast that CECO Environmental Corp. will post $0.83 earnings per share for the current year.

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Several institutional investors have recently added to or reduced their stakes in CECE. Eagle Global Advisors LLC boosted its position in CECO Environmental Corp. by 24.6% in the second quarter. Eagle Global Advisors LLC now owns 38,880 shares of the industrial products company’s stock worth $357,000 after buying an additional 7,680 shares during the period. Janney Montgomery Scott LLC boosted its position in CECO Environmental Corp. by 17.5% in the second quarter. Janney Montgomery Scott LLC now owns 40,386 shares of the industrial products company’s stock worth $371,000 after buying an additional 6,011 shares during the period. Bowling Portfolio Management LLC bought a new position in CECO Environmental Corp. during the second quarter worth about $1,095,000. Kirr Marbach & Co. LLC IN boosted its position in CECO Environmental Corp. by 57.3% in the second quarter. Kirr Marbach & Co. LLC IN now owns 25,680 shares of the industrial products company’s stock worth $236,000 after buying an additional 9,350 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in CECO Environmental Corp. by 60.1% in the first quarter. Goldman Sachs Group Inc. now owns 71,613 shares of the industrial products company’s stock worth $753,000 after buying an additional 26,892 shares during the period. 68.60% of the stock is currently owned by institutional investors.

CECO Environmental Corp. 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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