Needham & Company LLC reiterated their buy rating on shares of CECO Environmental (NASDAQ:CECE) in a research report sent to investors on Friday morning. Needham & Company LLC currently has a $7.00 target price on the industrial products company’s stock.
CECE has been the topic of a number of other research reports. TheStreet lowered CECO Environmental from a c- rating to a d+ rating in a research report on Monday, November 27th. Zacks Investment Research upgraded CECO Environmental from a sell rating to a hold rating in a report on Tuesday, January 9th. ValuEngine lowered CECO Environmental from a buy rating to a hold rating in a report on Sunday, December 31st. Finally, Roth Capital restated a neutral rating on shares of CECO Environmental in a report on Thursday, November 9th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. CECO Environmental has a consensus rating of Hold and a consensus price target of $9.00.
CECO Environmental (CECE) opened at $5.26 on Friday. CECO Environmental has a 52-week low of $4.00 and a 52-week high of $12.03. The stock has a market capitalization of $160.48, a P/E ratio of -58.44, a PEG ratio of 0.79 and a beta of 1.12. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.38 and a current ratio of 1.57.
Hedge funds have recently made changes to their positions in the business. Systematic Financial Management LP lifted its holdings in CECO Environmental by 29.7% in the 3rd quarter. Systematic Financial Management LP now owns 149,750 shares of the industrial products company’s stock valued at $1,267,000 after purchasing an additional 34,320 shares in the last quarter. Foundry Partners LLC lifted its holdings in CECO Environmental by 8.4% in the 4th quarter. Foundry Partners LLC now owns 740,653 shares of the industrial products company’s stock valued at $3,800,000 after purchasing an additional 57,103 shares in the last quarter. GSA Capital Partners LLP lifted its holdings in CECO Environmental by 177.1% in the 3rd quarter. GSA Capital Partners LLP now owns 107,806 shares of the industrial products company’s stock valued at $912,000 after purchasing an additional 68,900 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in CECO Environmental by 14.3% in the 3rd quarter. Wells Fargo & Company MN now owns 336,192 shares of the industrial products company’s stock valued at $2,844,000 after purchasing an additional 42,088 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in CECO Environmental in the 2nd quarter valued at $372,000. Institutional investors own 66.38% of the company’s stock.
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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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