CECO Environmental Corp. (NASDAQ:CECO) COO Ramesh Nuggihalli Sells 12,115 Shares of Stock

CECO Environmental Corp. (NASDAQ:CECO – Get Rating) COO Ramesh Nuggihalli sold 12,115 shares of the company’s stock in a transaction that occurred on Friday, March 10th. The shares were sold at an average price of $14.75, for a total transaction of $178,696.25. Following the sale, the chief operating officer now directly owns 63,182 shares of the company’s stock, valued at $931,934.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

CECO Environmental Stock Performance

NASDAQ:CECO opened at $14.02 on Tuesday. CECO Environmental Corp. has a fifty-two week low of $4.09 and a fifty-two week high of $16.73. The company has a current ratio of 1.64, a quick ratio of 1.46 and a debt-to-equity ratio of 0.49. The firm has a 50-day moving average price of $14.17.

CECO Environmental (NASDAQ:CECO – Get Rating) last released its quarterly earnings results on Monday, March 6th. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.01. The business had revenue of $116.40 million for the quarter, compared to analysts’ expectations of $103.95 million. CECO Environmental had a net margin of 4.12% and a return on equity of 9.89%. During the same period last year, the business earned $0.10 EPS. On average, sell-side analysts predict that CECO Environmental Corp. will post 0.75 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CECO has been the subject of a number of recent analyst reports. Craig Hallum upped their price target on shares of CECO Environmental from $17.00 to $19.00 and gave the stock a “buy” rating in a research report on Friday, January 20th. Needham & Company LLC increased their target price on shares of CECO Environmental from $16.00 to $17.00 and gave the company a “buy” rating in a research note on Tuesday, March 7th. Finally, HC Wainwright raised their price target on shares of CECO Environmental from $15.00 to $22.00 and gave the stock a “buy” rating in a research note on Tuesday, March 7th.

CECO Environmental Company Profile

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CECO Environmental Corp. engages in the provision of engineering technology and solutions. It offers services in the field of environment, energy, fluid handling, and filtration. The firm operates through the following segments: Energy Solutions, Industrial Solutions and Fluid Handling Solutions. The Energy Solutions segment improves air quality and solves fluid handling needs with market engineered, and customized solutions for the power generation, oil and gas, and petrochemical industries.