Tag Archive : CECE

News to Track: CECO Environmental Corp. (NASDAQ:CECE)

CECO Environmental Corp. (NASDAQ:CECE) spotted trading -52.34% off 52-week high price. On the other end, the stock has been noted 32.82% away from the low price over the last 52-weeks. The stock changed -4.29% to recent value of $4.69. The stock transacted 68970 shares during most recent day however it has an average volume of 86.37K shares. The company has 36.30M of outstanding shares and 30.67M shares were floated in the market.

On April 7, 2020, CECO Environmental Corp. (NASDAQ:CECE) a global leader in air quality and fluid handling solutions, released the implementation of proactive steps designed to support customer commitments while instituting business continuity and cost reduction measures to manage through the COVID-19 pandemic.

CECO has undertaken necessary measures in compliance with government directives to remain open across its business and continues to work closely with its global supply chain to proactively support customers during this critical time.  As a key supplier to critical infrastructure projects, the company has worked to maintain ongoing essential operations while observing recommended CDC guidelines to minimize the risk of spreading the coronavirus, including implementing, where possible, work-from-home procedures and additional sanitization efforts where facilities remain open to provide necessary services.

Our CECO Environmental operations are continuing forward in alignment with local, national and global directives. The health and safety of our employees and customers remain a top priority and we are extremely grateful for the hard work and contributions of our entire team, commented Dennis Sadlowski, Chief Executive Officer of CECO Environmental. We tested and refined our remote work capabilities to support continuing operations prior to the escalation of the COVID-19 restrictions and shelter-at-home government orders, added Sadlowski.

Its earnings per share (EPS) expected to touch remained 296.10% for this year while earning per share for the next 5-years is expected to reach at 15.00%. CECE has a gross margin of 33.50% and an operating margin of 5.30% while its profit margin remained 5.20% for the last 12 months.

According to the most recent quarter its current ratio was 1.6 that represents company’s ability to meet its current financial obligations. The price moved ahead of 2.11% from the mean of 20 days, -25.27% from mean of 50 days SMA and performed -36.84% from mean of 200 days price. Company’s performance for the week was 0.43%, -22.22% for month and YTD performance remained -38.77%.