CECO Environmental Corp. (NASDAQ:CECE – Get Rating) Director David B. Liner purchased 4,500 shares of the stock in a transaction that occurred on Tuesday, September 20th. The stock was acquired at an average cost of $9.40 per share, for a total transaction of $42,300.00. Following the completion of the acquisition, the director now owns 104,580 shares in the company, valued at approximately $983,052. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
CECO Environmental Price Performance
Shares of CECE traded down $0.06 during mid-day trading on Thursday, hitting $9.35. 7,684 shares of the stock were exchanged, compared to its average volume of 302,717. The company has a market cap of $322.58 million, a PE ratio of 47.05, a price-to-earnings-growth ratio of 1.01 and a beta of 1.13. CECO Environmental Corp. has a 52-week low of $4.09 and a 52-week high of $10.80. The firm has a 50-day moving average of $8.90 and a two-hundred day moving average of $6.75. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.35 and a current ratio of 1.52.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on CECE shares. StockNews.com raised CECO Environmental from a “hold” rating to a “buy” rating in a report on Wednesday, July 13th. Needham & Company LLC boosted their price target on CECO Environmental from $9.00 to $11.00 and gave the stock a “buy” rating in a report on Tuesday, August 9th. Finally, TheStreet raised CECO Environmental from a “c” rating to a “b” rating in a report on Wednesday, August 24th. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $13.33.
Institutional Trading of CECO Environmental
CECO Environmental Company Profile
CECO Environmental Corp. provides industrial air quality and fluid handling systems worldwide. It operates in two segments: Engineered Systems Segment and Industrial Process Solutions Segment. The company engineers, designs, builds, and installs systems that capture, clean, and destroy air- and water-borne emissions from industrial facilities as well as fluid handling, gas separation, and filtration systems.
- Get a free copy of the StockNews.com research report on CECO Environmental (CECE)
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