CECO Environmental Corp. (NASDAQ: CECO) has reported earnings for its second fiscal quarter (ending June 30) of $0.13 versus $0.11 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $0.38 compared to $0.47 a year ago.
Recent Price Action
CECO Environmental Corp. (NASDAQ: CECO) stock suffered a large decline of -6.3% on 7/30/24. The stock closed at $28.11. Moreover, trading volume in this decline was exceptionally high at 256% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -7.1% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, CECO is expected to continue to be an important Value Builder.
CECO Environmental has a current Value Trend Rating of C (High Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. CECO Environmental has a poor Appreciation Score of 22 but a very high Power Rating of 98, resulting in the High Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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