Revenue Update on CECO Environmental Corp.(NASDAQ:CECE)

CECO Environmental Corp.(NASDAQ:CECE) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 9, 2016. Company reported revenue of $112.26M. Analysts estimated a revenue of $107.03M. Earnings per share were $0.21. Analysts had estimated an EPS of $0.18.

CECO Environmental Corp. (CECE) made into the market gainers list on Wednesdays trading session with the shares advancing 0.73% or 0.08 points. Due to strong positive momentum, the stock ended at $11, which is also near the day’s high of $11. The stock began the session at $10.92 and the volume stood at 1,50,343 shares. The 52-week high of the shares is $11.12 and the 52 week low is $5.6. The company has a current market capitalization of $375 M and it has 3,41,18,684 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On May 18, 2016, Seth Rudin (director) purchased 700 shares at $7.59 per share price.Also, On Jan 6, 2016, Claudio A Mannarino (director) purchased 3,000 shares at $7.11 per share price.On Dec 15, 2015, Jeffrey Lang (CEO) purchased 13,000 shares at $7.20 per share price, according to the Form-4 filing with the securities and exchange commission.

CECO Environmental Corp. is an environmental technology company focused on solutions in the product recovery air pollution control fluid handling and filtration industries. 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 as well as fluid handling and filtration systems. 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 other. It operates through three segments: Air Pollution Control segment which offers product recovery and air pollution control technologies Energy segment which offers solutions for the power and petrochemical industry and Fluid Handling and Filtration Segment which offers pump filtration and fume exhaust solutions.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

CECO Environmental Corp. - Is it time to Sell?

Top Brokerage Firms are advising their investors on CECO Environmental Corp.. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.