Can CECO Environmental Corp. (CECO) Add Value To Your Portfolio?

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As of Wednesday close, CECO Environmental Corp.’s (NASDAQ:CECO) stock was up $0.29, moving up 2.53 percent to $11.73. The average number of shares traded per day over the past five days has been 104,780 shares. 5 times new highs have been achieved over the past 5 days, with a $0.34 gain in that time frame. In the last twenty days, the average volume was 253,300, while in the previous 50 days, it was 262,326.

Since last month, CECO stock retreated -0.09%. Shares of the company fell to $8.41 on 11/07/22, the lowest level in the past month. A 52-week high of $12.54 was reached on 10/31/22 after having rallying from a 52-week low of $4.09. Since the beginning of this year, CECO’s stock price has risen by 88.28% or $5.50, and marked a new high 34 times. However, the stock has declined by -6.46% since its 52-week high.


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CECO stock investors should be aware that CECO Environmental Corp. (CECO) stock had its last reported insider trading activity 6 days ago on Nov 18. Nuggihalli Ramesh, the Chief Operating Officer of the company, purchased of 250 shares for $11.25 on Nov 18. It resulted in a $2,812 investment by the insider.

Valuation Metrics

Right now, CECO Environmental Corp. (CECO) has a P/E ratio of about 39.90. The stock’s beta is 1.28. Besides these, the trailing price-to-sales (P/S) ratio of 1.01, the price-to-book (PB) ratio of 2.02, and the price-to-cash flow ratio of 20.68 may also be considered.

Financial Health

In the recent quarter, CECO Environmental Corp.’s quick ratio stood at 1.00, while its current ratio was 1.60, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the recent quarter was 0.53, and the total debt-to-equity ratio was 0.55. On the profitability front, the trailing twelve-month gross margin is 29.80% percent. In the recent year, operating margins totaled 4.70%. Based on annual data, CECO earned $100.92 million in gross profit and brought in $324.14 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 2.60%. Return on equity (ROE) for the past 12 months was 5.00%.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. CECO’s revenue fell -34.39% to $154.96 million during the quarter, while net income inched up to $108.41 million. During the quarter, the company generated $5.81 million in EBITDA. The liabilities of CECO Environmental Corp. were 280.81 million at the end of its most recent quarter. The value of shareholders’ equity is $34.27 million.

Technical Picture

This quick technical analysis looks at CECO Environmental Corp.’s (CECO) price momentum. With a historical volatility rate of 41.20%, the RSI 9-day stood at 58.18% on 23 November.

With respect to its five-day moving average, the current CECO Environmental Corp. price is up by +2.99% percent or $0.34. At present, CECO shares trade +0.60% above its 20-day simple moving average and +100.51% percent above its 100-day simple moving average. However, the stock is currently trading approximately +23.21% above its SMA50 and +102.94% above its SMA200.

Stochastic coefficient K was 74.33% and Stochastic coefficient D was 69.83%, while ATR was 0.66. Given the Stochastic reading of 81.17% for the 14-day period, the RSI (14) reading has been calculated as 57.88%.

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