CECO Environmental (CECE) Getting Somewhat Critical News Coverage, Report Shows

Media stories about CECO Environmental (NASDAQ:CECE) have been trending somewhat negative on Friday, Accern reports. The research group rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. CECO Environmental earned a media sentiment score of -0.03 on Accern’s scale. Accern also gave news stories about the industrial products company an impact score of 45.7538978919907 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Several analysts recently weighed in on the company. Zacks Investment Research cut CECO Environmental from a “hold” rating to a “strong sell” rating in a report on Monday, March 12th. ValuEngine lowered CECO Environmental from a “buy” rating to a “hold” rating in a research note on Saturday, March 10th. Finally, Needham & Company LLC restated a “buy” rating and set a $7.00 price objective on shares of CECO Environmental in a research note on Friday, March 9th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $7.00.

CECO Environmental stock traded up $0.01 during mid-day trading on Friday, reaching $4.62. 58,567 shares of the company were exchanged, compared to its average volume of 165,568. CECO Environmental has a 12 month low of $4.00 and a 12 month high of $12.03. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.61 and a quick ratio of 1.42. The firm has a market cap of $160.48, a PE ratio of 17.15, a price-to-earnings-growth ratio of 0.79 and a beta of 0.92.

CECO Environmental (NASDAQ:CECE) last posted its quarterly earnings data on Thursday, March 8th. The industrial products company reported ($0.05) EPS for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.10). CECO Environmental had a positive return on equity of 4.81% and a negative net margin of 0.88%. The company had revenue of $73.54 million for the quarter, compared to the consensus estimate of $80.00 million. sell-side analysts expect that CECO Environmental will post 0.39 earnings per share for the current fiscal year.

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CECO Environmental Company Profile

CECO Environmental Corp. provides critical solutions to the environmental, energy, and fluid handling and filtration industries worldwide. The company operates through three segments: Energy, Environmental, and Fluid Handling and Filtration. The Energy segment offers gas turbine exhaust systems, dampers and diverters, gas and liquid separation and filtration equipment, selective catalytic reduction and selective non-catalytic reduction systems, acoustical components and silencers, secondary separators, and expansion joints for the power and petrochemical industries.

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