Ecology and Environment (EEI) Lowered to “Hold” at ValuEngine

Ecology and Environment (NASDAQ:EEI) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

Shares of EEI stock traded down $0.11 during trading on Wednesday, reaching $11.40. 2,217 shares of the company’s stock were exchanged, compared to its average volume of 9,454. The firm has a market capitalization of $48.42 million, a PE ratio of 19.03 and a beta of -0.35. Ecology and Environment has a twelve month low of $9.27 and a twelve month high of $14.45.

An institutional investor recently raised its position in Ecology and Environment stock. Renaissance Technologies LLC increased its holdings in shares of Ecology and Environment (NASDAQ:EEI) by 32.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 130,523 shares of the industrial products company’s stock after acquiring an additional 31,823 shares during the quarter. Renaissance Technologies LLC owned about 3.03% of Ecology and Environment worth $1,624,000 as of its most recent SEC filing. Institutional investors own 29.73% of the company’s stock.

Ecology and Environment Company Profile

Ecology & Environment, Inc, an environmental consulting firm, provides professional services to government and private clients worldwide. It offers support services for response and site assessment activities related to the release and threat of release of oil, petroleum products, hazardous substances, and weapons of mass destruction or pollutants or contaminants; and undertakes task order contracts comprising various environmental assessment projects, engineering and oversight of pollution remediation, and other hazardous waste remediation activities, as well as prepares environmental impact assessment documents for federal land management agencies.

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