Notable Mover: Could CECO Environmental Corp. See a Reversal After Breaking Its 52-Week High?

Notable Mover: Could CECO Environmental Corp. See a Reversal After Breaking Its 52 Week High?

The stock of CECO Environmental Corp. (NASDAQ:CECE) hit a new 52-week high and has $14.15 target or 8.00% above today’s $13.10 share price. The 6 months bullish chart indicates low risk for the $449.61 million company. The 1-year high was reported on Nov, 22 by If the $14.15 price target is reached, the company will be worth $35.97M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 65,893 shares traded hands. CECO Environmental Corp. (NASDAQ:CECE) has risen 100.62% since April 20, 2016 and is uptrending. It has outperformed by 96.07% the S&P500.

CECO Environmental Corp. (NASDAQ:CECE) Ratings Coverage

Out of 5 analysts covering CECO Environ. (NASDAQ:CECE), 3 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 60% are positive. $16 is the highest target while $8.50 is the lowest. The $12.10 average target is -7.63% below today’s ($13.1) stock price. CECO Environ. has been the topic of 9 analyst reports since August 7, 2015 according to StockzIntelligence Inc. Drexel Hamilton upgraded the stock to “Buy” rating in Friday, August 7 report. The firm has “Hold” rating by Drexel Hamilton given on Friday, August 7. The firm has “Hold” rating given on Wednesday, August 12 by Zacks. As per Thursday, November 17, the company rating was downgraded by Seaport Global. On Thursday, January 21 the stock rating was upgraded by Seaport Global to “Buy”. Drexel Hamilton downgraded the shares of CECE in a report on Friday, March 11 to “Buy” rating. As per Friday, March 11, the company rating was maintained by Roth Capital.

According to Zacks Investment Research, “CECO ENVIRONMENTAL CORP. manufactures and sells, primarily in the United States, of fiber bed mist eliminators to the chemical, printing, plating, power generation, food processing, waste incineration and textile industries.”

Insitutional Activity: The institutional sentiment increased to 2.29 in Q2 2016. Its up 1.21, from 1.08 in 2016Q1. The ratio is positive, as 14 funds sold all CECO Environmental Corp. shares owned while 26 reduced positions. 12 funds bought stakes while 31 increased positions. They now own 16.83 million shares or 0.72% less from 16.95 million shares in 2016Q1.
The Ontario – Canada-based Savings Bank Of Montreal Can has invested 0% in CECO Environmental Corp. (NASDAQ:CECE). Kornitzer Capital Management Ks holds 0.02% or 152,000 shares in its portfolio. Deutsche Fincl Bank Ag holds 23,042 shares or 0% of its portfolio. Moreover, Millennium Mgmt Ltd Liability has 0% invested in CECO Environmental Corp. (NASDAQ:CECE) for 142,828 shares. National Bank Of America De holds 0% of its portfolio in CECO Environmental Corp. (NASDAQ:CECE) for 31,160 shares. Moreover, Green Square Cap Ltd Liability Corp has 0.14% invested in CECO Environmental Corp. (NASDAQ:CECE) for 65,822 shares. New York State Common Retirement Fund has 0% invested in the company for 30,900 shares. Alphaone Inv Svcs Ltd Limited Liability Company holds 0.45% or 139,600 shares in its portfolio. Goldman Sachs Grp Inc Inc, a New York-based fund reported 18,551 shares. Blackrock Fund Advsrs accumulated 0% or 756,446 shares. Kirr Marbach Lc In accumulated 0.04% or 19,435 shares. Blackrock Institutional Tru Com Na accumulated 0% or 737,377 shares. The California-based Wells Fargo Mn has invested 0% in CECO Environmental Corp. (NASDAQ:CECE). Teton Advsr has invested 0.01% of its portfolio in CECO Environmental Corp. (NASDAQ:CECE). Great West Life Assurance Co Can, a Manitoba – Canada-based fund reported 3,100 shares.

More important recent CECO Environmental Corp. (NASDAQ:CECE) news were published by: which released: “CECO Environmental Corp. Reports Third Quarter and Nine Months 2016 Results …” on November 08, 2016, also published article titled: “Ceco Environmental downgraded to neutral from buy at Seaport Global”, published: “CECO Environmental 2016 Third Quarter Conference Call” on November 01, 2016. More interesting news about CECO Environmental Corp. (NASDAQ:CECE) was released by: and their article: “News Ceco Environmental Corp.CECE” with publication date: February 12, 2011.

CECE Company Profile

CECO Environmental Corp., incorporated on January 10, 2002, is a well-known provider of engineered technologies to the environmental, energy, and fluid handling and filtration industrial divisions. The Firm 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. It provides a spectrum of services and products, including dampers and diverters, cyclonic technology, thermal oxidizers, filtration systems, scrubbers, fluid handling equipment, and plant engineering services and engineered design build fabrication. The Firm operates through three divisions: Environmental Segment, Energy Segment, and Fluid Handling and Filtration Segment.

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