CECO Environmental Corp. (NASDAQ: CECO) stock closed at $18.81 on 3/5/24 after a major decline of -17.9%. Moreover, this decline was accompanied by exceptionally high trading volume at 485% of normal. The stock has declined -12.2% during the last week but has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, CECO is expected to continue to be a Value Builder.
CECO Environmental has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. CECO Environmental has a poor Appreciation Score of 22 but a very high Power Rating of 100, producing the High Neutral Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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