Stock To Watch: CECO Environmental Corp. (NASDAQ:CECE)


The leading market experts have placed a mean price target of $11.430 on CECO Environmental Corp. (NASDAQ:CECE) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.200 a share for the upcoming quarter and $0.770 for the current fiscal. Technical View The technical analysis of CECO Environmental Corp. plainly substantiates that the 50-day moving average of CECO Environmental Corp. is $8.355, and stock is hovering 0.340 or +4.066% distant from $8.355. It is noted that the 200-day MA is $7.191, and CECO Environmental Corp. stock is $1.504 or +20.920% off from this point. CECO Environmental Corp. (NASDAQ:CECE) 52-week high is $11.120 and the 52-week low is $5.600. This explains if the stock moves $-2.425, it will post a 52-week high. In event of $+55.268% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of CECO Environmental Corp., shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, CECO Environmental Corp. (NASDAQ:CECE) ratio came in at N/A. The stock last ended the trading session at $8.695 and registered a market cap of $295.06M. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. CECO Environmental Corp. (NASDAQ:CECE) PEG ratio is at 0.750.

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