Somewhat Favorable Press Coverage Somewhat Unlikely to Impact CECO Environmental (CECE) Share Price

News stories about CECO Environmental (NASDAQ:CECE) have been trending somewhat positive recently, according to Accern. The research group ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CECO Environmental earned a media sentiment score of 0.05 on Accern’s scale. Accern also assigned news headlines about the industrial products company an impact score of 45.7789898405322 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

CECO Environmental (NASDAQ:CECE) traded down $0.20 during midday trading on Monday, hitting $5.21. 240,400 shares of the company’s stock were exchanged, compared to its average volume of 193,180. The company has a market capitalization of $180.83, a PE ratio of 7.89, a PEG ratio of 0.89 and a beta of 1.30. CECO Environmental has a 12-month low of $5.12 and a 12-month high of $14.88. The company has a current ratio of 1.57, a quick ratio of 1.38 and a debt-to-equity ratio of 0.54.

CECO Environmental (NASDAQ:CECE) last posted its earnings results on Wednesday, November 8th. The industrial products company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.12). The company had revenue of $85.00 million for the quarter, compared to the consensus estimate of $92.66 million. CECO Environmental had a positive return on equity of 11.91% and a negative net margin of 11.47%. The business’s quarterly revenue was down 16.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.24 EPS. analysts expect that CECO Environmental will post 0.39 EPS for the current year.

A number of brokerages recently issued reports on CECE. Zacks Investment Research cut shares of CECO Environmental from a “hold” rating to a “strong sell” rating in a research note on Monday, August 14th. ValuEngine cut shares of CECO Environmental from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. William Blair cut shares of CECO Environmental from an “outperform” rating to a “market perform” rating in a research note on Friday, August 11th. TheStreet cut shares of CECO Environmental from a “c-” rating to a “d+” rating in a research note on Monday, November 27th. Finally, Roth Capital reissued a “neutral” rating on shares of CECO Environmental in a research note on Thursday, November 9th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. CECO Environmental presently has an average rating of “Hold” and a consensus price target of $12.00.

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About CECO Environmental

CECO Environmental Corp. is a provider of engineered technologies to the environmental, energy, and fluid handling and filtration industrial segments. The Company is focused on engineering, designing, building and installing systems that capture, clean and destroy airborne contaminants from industrial facilities, as well as equipment that controls emissions from such facilities, and fluid handling and filtration systems.

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