CECO Environmental (NASDAQ:CECE) Shares Cross Above Two Hundred Day Moving Average of $6.56

CECO Environmental Corp. (NASDAQ:CECEGet Rating)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $6.56 and traded as high as $9.78. CECO Environmental shares last traded at $9.59, with a volume of 311,918 shares trading hands.

Wall Street Analyst Weigh In

CECE has been the topic of a number of recent research reports. Needham & Company LLC lifted their target price on CECO Environmental from $9.00 to $11.00 and gave the company a “buy” rating in a research report on Tuesday, August 9th. StockNews.com raised CECO Environmental from a “hold” rating to a “buy” rating in a research report on Wednesday, July 13th. Finally, TheStreet raised CECO Environmental from a “c” rating to a “b” rating in a research report on Wednesday, August 24th. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $13.33.

CECO Environmental Price Performance

The stock has a market cap of $330.85 million, a price-to-earnings ratio of 47.95, a price-to-earnings-growth ratio of 1.04 and a beta of 1.13. The company has a 50-day simple moving average of $8.42 and a two-hundred day simple moving average of $6.56. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.35 and a current ratio of 1.52.

Insiders Place Their Bets

In related news, Director Richard F. Wallman purchased 20,000 shares of the stock in a transaction on Tuesday, August 9th. The shares were purchased at an average price of $8.97 per share, with a total value of $179,400.00. Following the transaction, the director now directly owns 30,000 shares of the company’s stock, valued at $269,100. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 15.10% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CECE. Millennium Management LLC boosted its stake in shares of CECO Environmental by 1,367.0% during the 2nd quarter. Millennium Management LLC now owns 617,246 shares of the industrial products company’s stock worth $3,691,000 after acquiring an additional 575,172 shares during the period. Tieton Capital Management LLC boosted its stake in shares of CECO Environmental by 20.6% during the 1st quarter. Tieton Capital Management LLC now owns 1,024,621 shares of the industrial products company’s stock worth $5,625,000 after acquiring an additional 174,801 shares during the period. Wells Fargo & Company MN boosted its stake in shares of CECO Environmental by 31.4% during the 2nd quarter. Wells Fargo & Company MN now owns 599,465 shares of the industrial products company’s stock worth $3,585,000 after acquiring an additional 143,223 shares during the period. Heartland Advisors Inc. boosted its stake in shares of CECO Environmental by 13.0% during the 1st quarter. Heartland Advisors Inc. now owns 1,115,500 shares of the industrial products company’s stock worth $6,124,000 after acquiring an additional 128,400 shares during the period. Finally, Martin & Co. Inc. TN boosted its stake in shares of CECO Environmental by 42.9% during the 1st quarter. Martin & Co. Inc. TN now owns 284,931 shares of the industrial products company’s stock worth $1,564,000 after acquiring an additional 85,571 shares during the period. 63.26% of the stock is currently owned by institutional investors.

CECO Environmental Company Profile

(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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