CECO Environmental Corp. (NASDAQ:CECE – Get Rating) saw a large growth in short interest in April. As of April 30th, there was short interest totalling 1,070,000 shares, a growth of 45.7% from the April 15th total of 734,300 shares. Based on an average trading volume of 104,100 shares, the short-interest ratio is presently 10.3 days. Currently, 3.6% of the company’s stock are sold short.
Shares of NASDAQ:CECE opened at $5.47 on Friday. CECO Environmental has a 12-month low of $4.09 and a 12-month high of $9.16. The stock has a market cap of $192.27 million, a PE ratio of 68.38, a P/E/G ratio of 0.81 and a beta of 1.22. The business has a 50 day moving average of $5.16 and a 200-day moving average of $5.84. The company has a quick ratio of 1.47, a current ratio of 1.60 and a debt-to-equity ratio of 0.38.
CECO Environmental (NASDAQ:CECE – Get Rating) last issued its quarterly earnings data on Tuesday, May 10th. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.09. CECO Environmental had a return on equity of 5.77% and a net margin of 0.88%. During the same quarter in the previous year, the firm earned $0.09 earnings per share. Equities research analysts expect that CECO Environmental will post 0.54 earnings per share for the current year.
In related news, Director Richard F. Wallman acquired 13,087 shares of the firm’s stock in a transaction dated Monday, March 21st. The stock was bought at an average price of $5.87 per share, for a total transaction of $76,820.69. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders bought a total of 17,893 shares of company stock valued at $103,170 in the last 90 days. 13.50% of the stock is owned by corporate insiders.
Large investors have recently modified their holdings of the company. Citigroup Inc. boosted its holdings in shares of CECO Environmental by 107.3% during the fourth quarter. Citigroup Inc. now owns 8,634 shares of the industrial products company’s stock worth $54,000 after acquiring an additional 4,469 shares during the period. BNP Paribas Arbitrage SA raised its position in shares of CECO Environmental by 106.8% in the third quarter. BNP Paribas Arbitrage SA now owns 8,324 shares of the industrial products company’s stock valued at $59,000 after buying an additional 4,298 shares in the last quarter. Citadel Advisors LLC acquired a new stake in shares of CECO Environmental in the fourth quarter valued at approximately $68,000. The Manufacturers Life Insurance Company acquired a new stake in shares of CECO Environmental in the third quarter valued at approximately $91,000. Finally, The Manufacturers Life Insurance Company raised its position in shares of CECO Environmental by 34.6% in the fourth quarter. The Manufacturers Life Insurance Company now owns 17,350 shares of the industrial products company’s stock valued at $108,000 after buying an additional 4,460 shares in the last quarter. Institutional investors own 65.37% of the company’s stock.
About CECO Environmental (Get Rating)
CECO Environmental Corp. provides industrial air quality and fluid handling systems worldwide. It operates in two segments: Engineered Systems Segment and Industrial Process Solutions Segment. The company engineers, designs, builds, and installs systems that capture, clean, and destroy air- and water-borne emissions from industrial facilities as well as fluid handling, gas separation, and filtration systems.
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