CECO Environmental Corp. (NASDAQ:CECO) does about 304.08K shares in volume on a normal day but saw 247997 shares change hands in Friday trading. The company now has a market cap of 506.08M USD. Its current market price is $14.53, marking an increase of 0.41% compared to the previous close of $14.47. The 52 week high reached by this stock is $15.19 whilst the lowest price level in 52 weeks is $4.09. The script in recent trading has seen the stock touch a high of $14.67 and a low of $14.22.
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CECO Environmental Corp. (CECO) has a 20-day trading average at $14.30 and the current price is -4.34% off the 52-week high compared with 255.26% distance from its 52-week low. The 50-day simple moving average of the closing price is $13.20 and its 200-day simple moving average is $9.78. If we look at the stock’s price movements over the week, volatility stands at 3.29%, which increases to 4.36% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 59.81 to suggest the stock is neutral.
5 analysts observing the CECO Environmental Corp. (CECO) stock have set the 12-month price targets for the company’s shares at between $15.00 and $19.00. The consensus objective for the share price is $16.00, suggesting that the stock has a potential upside of 9.19% over the period. The median price target is 9.19% away from the current levels at $16.00.
FactSet Research has provided data showing that 5 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 5 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Moderate Buy the stock.
The current price level is 1.73%, 10.51%, and 49.35% away from its SMA20, SMA50, and SMA200 respectively, with the CECO price moving above the 50-day SMA on February 17. CECO Environmental Corp. (CECO) stock is up 2.69% over the week and 3.86% over the past month. Its price is 24.40% year-to-date and 143.38% over the past year.
The stock last released its quarterly earnings report for quarter ended 9/29/2022, with the company’s earnings per share (EPS) of $0.2 above consensus estimates by $0.09. The company’s next earnings report is expected on 05/10/2023, with forecasts estimating quarterly EPS at $0.16 and $0.68 for whole year. CECO’s earnings per share are forecast to grow by 142.90% this year and 16.20% over next year. Expected sales for next quarter are $103.83 million, which analysts say will come at $411.31 million for the current fiscal year and next year at $461.53 million. In addition, estimates put the company’s current quarterly revenue at an average of $105.1 million.
To reach the target analysts have set, the stock logically needs to grow 9.19 percent from here.
Outstanding shares total 34.46M with insiders holding 16.21% of the shares and institutional holders owning 64.53% of the company’s common stock. The company has a return on investment of 2.60% and return on equity of 5.00%. The price to earnings ratio (P/E ratio) amounts to 49.42 while the forward price to earnings ratio is 18.35. The beta has a value of 1.34. Price to book ratio is 2.50 and price to sales ratio is 1.27.
According to a U.S. Securities and Exchange Commission filing, American Century Small Cap Value has reduced its position in CECO Environmental Corp. (CECO) to 975,000 shares, mirroring a recent drop by -27.79%. American Century Small Cap Value dumped -0.38 million shares of CECO Environmental Corp. common stock bringing its total worth to about $14.03 million at the end of recent close, SEC documents show. DFA US Small Cap Value Portfolio raise their holdings by 7.66% in the company over the course of the most recent quarter. It now holds a 1.90% position in CECO Environmental Corp. thanks to 0.65 million shares amounting to $9.37 million.
