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

CECO Environmental Corp. (NASDAQ:CECO – Get Rating) COO Ramesh Nuggihalli sold 12,115 shares of the stock in a transaction on Friday, March 10th. The stock was sold at an average price of $14.75, for a total value 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 document filed with the Securities & Exchange Commission, which is available through the SEC website.

CECO Environmental Trading Down 5.0 %

Shares of CECO stock opened at $14.02 on Tuesday. The company has a quick ratio of 1.46, a current ratio of 1.64 and a debt-to-equity ratio of 0.49. CECO Environmental Corp. has a 1 year low of $4.09 and a 1 year high of $16.73. The stock’s fifty day simple moving average is $14.17.

CECO Environmental (NASDAQ:CECO – Get Rating) last announced its quarterly earnings data on Monday, March 6th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.01. The business had revenue of $116.40 million during the quarter, compared to analyst estimates of $103.95 million. CECO Environmental had a return on equity of 9.89% and a net margin of 4.12%. During the same quarter in the prior year, the firm posted $0.10 earnings per share. As a group, research analysts predict that CECO Environmental Corp. will post 0.75 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on CECO. Needham & Company LLC lifted their price objective on CECO Environmental from $16.00 to $17.00 and gave the stock a “buy” rating in a research report on Tuesday, March 7th. Craig Hallum raised their target price on CECO Environmental from $17.00 to $19.00 and gave the company a “buy” rating in a report on Friday, January 20th. Finally, HC Wainwright lifted their price objective on CECO Environmental from $15.00 to $22.00 and gave the stock a “buy” rating in a report 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.