CECO Environmental Corp.’s filing revealed that its Chief Executive Officer Gleason Todd R unloaded Company’s shares for reported $0.13 million on Dec 29. In the deal valued at $11.59 per share,11,000 shares were sold. As a result of this transaction, Gleason Todd R now holds 178,021 shares worth roughly $ 2.62 million.
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Then, Nuggihalli Ramesh bought 250 shares, generating $2,812 in total proceeds. Upon buying the shares at $11.25, the Chief Operating Officer now owns 75,297 shares.
Price Performance Review of CECO
On Monday, CECO Environmental Corp. [NASDAQ:CECO] saw its stock fall -0.47% to $14.71. On the same session, the stock had its day’s lowest price of $14.67, but rose to a high of $15.60. Over the last five days, the stock has gained 1.24%. CECO Environmental Corp. shares have risen nearly 25.94% since the year began. Nevertheless, the stocks have risen 175.99% over the past one year. While a 52-week high of $15.19 was reached on 02/27/23, a 52-week low of $4.09 was recorded on 01/03/23. SMA at 50 days reached $13.45, while 200 days put it at $10.03. A total of 0.64 million shares were traded, compared to the trading of 0.2 million shares in the previous session.
Levels Of Support And Resistance For CECO Stock
The 24-hour chart illustrates a support level at 14.39, which if violated will result in even more drops to 14.06. On the upside, there is a resistance level at 15.32. A further resistance level may holdings at 15.92. The Relative Strength Index (RSI) on the 14-day chart is 59.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 35.60%. Stochastics %K at 76.97% indicates the stock is a holding.
How much short interest is there in CECO Environmental Corp.?
A steep rise in short interest was recorded in CECO Environmental Corp. stocks on Jan 30, 2023, dropping by 22970.0 shares to a total of 0.3 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 0.32 million shares. There was a decline of -7.68%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.22% of the overall stock float, the days-to-cover ratio (short ratio) fell to 0.71.
CECO Environmental Corp. [CECO] – Who Are The Largest Shareholders?
In filings from Dimensional Fund Advisors LP, it is revealed that the company now owns 2,358,534 shares, or roughly 6.88% of the outstanding CECO shares. In other words, the investor’s shares have risen by 58,563 from its previous 13-F filing of 2299971.0. Additionally, Luther King Capital Management Co decreased -1.78% of its stake after which the total value it holdings stand at $24,317,934, while The Vanguard Group, Inc. reduced -1.39% of its stake to hold $18.67 million in the firm. Over the last quarter, American Century Investment Manag sold -434,691 shares of CECO Environmental Corp., while Heartland Advisors, Inc. sold -126,400 shares. At present, Tieton Capital Management LLC is holding 736,539 shares valued at $10.6 million. Millennium Management LLC owned 720,506 shares of the company at the time of its most recent 13F filing, worth $10.37 million.
According to FactSet, CECO Environmental Corp.’s share price will average $16.40 in the next year, based on opinions of analysts polled by the firm. This is up nearly 8.25 percent from its previous closing price of $14.78. Analysts expect CECO Environmental Corp. stock to reach the higher price of $19.00, while the lowest price estimate is $15.00. However, 5 analysts have rated CECO stock as a Buy in their predictions for 2023.