CECO Environmental Corp. (NASDAQ: CECO) stock closed at $22.56 on 10/29/24 after a major decline of -14.3%. Moreover, trading volume in this decline was exceptionally high at 522% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -16.0% 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). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. CECO Environmental has a poor Appreciation Score of 26 but a very high Power Rating of 96, with the High Neutral Value Trend Rating the result.
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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