CECO Environmental Corp. (NASDAQ:CECE) was up 6.5% during mid-day trading on Monday . The stock traded as high as $5.25 and last traded at $5.11. Approximately 581,116 shares traded hands during trading, an increase of 194% from the average daily volume of 197,877 shares. The stock had previously closed at $4.80.

Several equities research analysts have recently issued reports on CECE shares. ValuEngine downgraded shares of CECO Environmental from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research raised shares of CECO Environmental from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th. Roth Capital reissued a “neutral” rating on shares of CECO Environmental in a research report on Thursday, November 9th. Needham & Company LLC downgraded shares of CECO Environmental from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 9th. Finally, TheStreet downgraded shares of CECO Environmental from a “c-” rating to a “d+” rating in a research report on Monday, November 27th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $12.00.

The company has a market cap of $177.36, a price-to-earnings ratio of 7.74, a P/E/G ratio of 0.87 and a beta of 1.30. The company has a quick ratio of 1.38, a current ratio of 1.57 and a debt-to-equity ratio of 0.54.

CECO Environmental (NASDAQ:CECE) last announced its earnings results on Wednesday, November 8th. The industrial products company reported $0.03 EPS for the quarter, missing the Thomson Reuters’ 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 business had revenue of $85.00 million for the quarter, compared to analyst estimates of $92.66 million. During the same quarter in the previous year, the company posted $0.24 EPS. The business’s revenue for the quarter was down 16.3% compared to the same quarter last year. equities analysts predict that CECO Environmental Corp. will post 0.39 earnings per share for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Tudor Investment Corp ET AL acquired a new stake in CECO Environmental in the second quarter valued at $101,000. Voya Investment Management LLC lifted its stake in CECO Environmental by 23.2% in the second 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. Bank of America Corp DE lifted its stake in CECO Environmental by 32.8% in the first quarter. Bank of America Corp DE now owns 21,696 shares of the industrial products company’s stock valued at $228,000 after acquiring an additional 5,353 shares during the last quarter. Macquarie Group Ltd. acquired a new stake in CECO Environmental in the third quarter valued at $205,000. Finally, Sei Investments Co. acquired a new stake in CECO Environmental in the third quarter valued at $210,000. Institutional investors and hedge funds own 67.49% of the company’s stock.

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About CECO Environmental

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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