CECO Environmental Corp. (NASDAQ:CECE) Traded 9.7% Above Its 50 Day Moving Average


Shares are trading at $9.19 which is slightly above $8.38, the stock’s 50 day moving average and which is a tad under the 200 day moving average of $9.23. The 50 day moving average went up by +9.69% and the 200 day average went down $-0.04 or -0.45%. (NASDAQ:CECE) shares saw heavy trading volume with 219K shares changing hands on Tuesday. Shares saw a steep increase in trading volume of 2.77% over the normal average daily volume.

Traders are more bullish on CECO Environmental Corp. of late if you pay attention to the fall in short interest. The company realized a fall in short interest from September 15, 2017 to September 29, 2017 of -9.02%. Short interest fell 78,467 over that period. The short-interest ratio decreased to 5.0 and the percentage of shorted shares is 0.02% as of September 29.

Here are a few substantial investment firms who have updated their positions. James Investment Research Inc downsized its position by selling 69,510 shares a decrease of 78.3% as of 09/30/2017. James Investment Research Inc controls 19,220 shares with a value of $163,000. The value of the position overall is down by 80.0%. As of quarter end Cutler Group LP had disposed of 320 shares trimming its position 80.0%. The value in dollars went from $0 to $0 a change of $0 quarter to quarter.

Bank Of Montreal /can/ grew its holdings by buying 6,020 shares an increase of 1,374.4% from 06/30/2017 to 09/30/2017. Bank Of Montreal /can/ now holds 6,458 shares worth $55,000. The total value of its holdings increased 1,275.0%. As of the end of the quarter Bowling Portfolio Management LLC had sold a total of 93,844 shares trimming its holdings by 78.6%. The value of the investment in CECE decreased from $1,095,000 to $216,000 a change of 80.3% for the reporting period.

On August 11 the company was set at “Market Perform” according to a William Blair report which was a cut from the previous “Outperform” rating.

The company is so far trading up since yesterday’s close of 8.96. The company declared a dividend that was paid on Fri Jun 30, 2017. The dividend payment was $0.075 per share for the quarter which is $0.30 annualized. This dividend represents a yield of $3.38 which is the dividend as a percentage of the current share price. The ex-dividend date was Thursday the 14th of September 2017.

In the last earnings report the EPS was $-1.17 and is expected to be $0.59 for the current year with 34,488,000 shares presently outstanding. Next quarter’s EPS is forecasted at $0.16 with next year’s EPS anticipated to be $0.83.

CECO Environmental Corp., launched on January 10, 2002, is a provider of engineered technologies to the environmental, energy, and fluid handling and filtration industrial segments. The Company is focused on engineering, designing, building and installing systems that capture, clean and destroy airborne contaminants from industrial facilities, as well as equipment that controls emissions from such facilities, and fluid handling and filtration systems. The Company operates through three segments: Environmental Segment, Energy Segment, and Fluid Handling and Filtration Segment. It provides a spectrum of products and services, including dampers and diverters, cyclonic technology, thermal oxidizers, filtration systems, scrubbers, fluid handling equipment, and plant engineering services and engineered design build fabrication..