CECO Environmental (CECE) Given Daily Coverage Optimism Score of 0.21

News articles about CECO Environmental (NASDAQ:CECE) have trended somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. 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 earned a news impact score of 0.21 on Accern’s scale. Accern also gave news stories about the industrial products company an impact score of 45.7309828197398 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

CECO Environmental (CECE) traded up $0.08 during mid-day trading on Thursday, reaching $5.22. 112,600 shares of the company traded hands, compared to its average volume of 165,955. The firm has a market capitalization of $178.40, a price-to-earnings ratio of -4.21, a price-to-earnings-growth ratio of 0.61 and a beta of 1.31. The company has a current ratio of 1.57, a quick ratio of 1.38 and a debt-to-equity ratio of 0.54. CECO Environmental has a 1-year low of $4.68 and a 1-year high of $13.96.

CECO Environmental (NASDAQ:CECE) last released its earnings results on Wednesday, November 8th. The industrial products company reported $0.03 earnings per share (EPS) 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 analyst estimates of $92.66 million. CECO Environmental had a negative net margin of 11.47% and a positive return on equity of 11.91%. CECO Environmental’s quarterly revenue was down 16.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.24 EPS. equities analysts anticipate that CECO Environmental will post 0.39 earnings per share for the current year.

A number of equities analysts have recently commented on the stock. Zacks Investment Research upgraded shares of CECO Environmental from a “sell” rating to a “hold” rating in a report on Wednesday, October 11th. ValuEngine upgraded shares of CECO Environmental from a “hold” rating to a “buy” rating in a report on Thursday, October 5th. Roth Capital restated a “neutral” rating on shares of CECO Environmental in a report on Thursday, November 9th. TheStreet lowered shares of CECO Environmental from a “c-” rating to a “d+” rating in a report on Monday, November 27th. Finally, Needham & Company LLC lowered shares of CECO Environmental from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 9th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. CECO Environmental currently has an average rating of “Hold” and a consensus target price of $12.00.

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CECO Environmental 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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