Somewhat Negative Media Coverage Somewhat Unlikely to Affect CECO Environmental Corp. (CECE) Share Price
Media headlines about CECO Environmental Corp. (NASDAQ:CECE) have trended somewhat negative this week, Accern reports. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. CECO Environmental Corp. earned a news impact score of -0.08 on Accern’s scale. Accern also assigned headlines about the industrial products company an impact score of 46.5609944960735 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:
- CECO Environmental Corp. (CECE) Given Consensus Recommendation of “Hold” by Brokerages (americanbankingnews.com)
- Edited Transcript of CECE earnings conference call or presentation 8-Nov-17 1:30pm GMT (finance.yahoo.com)
- Director of Ceco Environmental Corp (NASDAQ:CECE), Liner David B, buys 4,000 shares worth $23,040 (empowerednews.net)
- YieldBoost CECO Environmental Corp. From 5% To 11.6% Using Options (thestreet.com)
- Insider Buying: CECO Environmental Corp. (CECE) CEO Acquires 4,000 Shares of Stock (americanbankingnews.com)
Several brokerages have recently issued reports on CECE. Zacks Investment Research raised shares of CECO Environmental Corp. from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Needham & Company LLC cut shares of CECO Environmental Corp. from a “strong-buy” rating to a “buy” rating in a research note on Thursday. ValuEngine cut shares of CECO Environmental Corp. from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. BidaskClub cut shares of CECO Environmental Corp. from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. Finally, Roth Capital reaffirmed a “neutral” rating on shares of CECO Environmental Corp. in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $12.33.
CECO Environmental Corp. (NASDAQ CECE) traded up $0.01 during trading on Monday, hitting $5.96. 779,500 shares of the stock traded hands, compared to its average volume of 190,905. The stock has a market capitalization of $206.86, a P/E ratio of 9.03, a P/E/G ratio of 1.02 and a beta of 1.46. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.38 and a current ratio of 1.57. CECO Environmental Corp. has a 1-year low of $5.40 and a 1-year high of $14.88.
CECO Environmental Corp. (NASDAQ:CECE) last released its earnings results on Wednesday, November 8th. The industrial products company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.12). The firm had revenue of $85.00 million during the quarter, compared to analysts’ expectations of $92.66 million. CECO Environmental Corp. had a positive return on equity of 11.91% and a negative net margin of 11.47%. The business’s revenue was down 16.3% on a year-over-year basis. During the same period last year, the business earned $0.24 earnings per share. research analysts predict that CECO Environmental Corp. will post 0.39 earnings per share for the current fiscal year.
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 acquired 25,000 shares of the stock in a transaction that occurred on Tuesday, August 15th. The shares were bought 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 directly owns 1,410,616 shares of the company’s stock, valued at approximately $10,255,178.32. The disclosure for this purchase can be found here. Over the last three months, insiders bought 38,300 shares of company stock worth $267,948. 14.30% of the stock is currently owned by insiders.
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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