Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate CECO Environmental Corp. before investing.

In this article, we go over a few key elements for understanding CECO Environmental Corp.’s stock price such as:

• CECO Environmental Corp.’s current stock price and volume
• Why CECO Environmental Corp.’s stock price changed recently
• Upgrades and downgrades for CECO from analysts
• CECO’s stock price momentum as measured by its relative strength

About CECO Environmental Corp. (CECO)

Before we jump into CECO Environmental Corp.’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

CECO Environmental Corp. is an environmentally focused, diversified industrial company. The Company’s segments include Engineered Systems, which serves the power generation, hydrocarbon processing, water/wastewater treatment, oily water separation and treatment, marine and naval vessels, and midstream oil and gas sectors. The segment offers environmental and equipment protection solutions with its highly engineered platforms, including emissions control, fluid bed cyclones, thermal acoustics, separation and filtration, and dampers and expansion joints, and Industrial Process Solutions segment, which serves the industrial sector with solutions for air pollution and contamination control, fluid handling, and process filtration in applications such as aluminum beverage can production, automobile production, food and beverage processing, semiconductor fabrication, electronics production, steel and aluminum mill processing, wood manufacturing, desalination, and aquaculture markets.

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CECO Environmental Corp.’s Stock Price as of Market Close

As of May 24, 2024, 4:00 PM, CST, CECO Environmental Corp.’s stock price was $25.94.

CECO Environmental Corp. is up 4.3% from its previous closing price of $24.87.

During the last market session, CECO Environmental Corp.’s stock traded between $24.78 and $25.56. Currently, there are 34.85 million shares of CECO Environmental Corp. stock available for purchase.

CECO Environmental Corp.’s price-earnings (P/E) ratio is currently at 70.9, which is high compared to the Environmental Services & Equipment industry median of 32. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

CECO Environmental Corp. Stock Price History

CECO Environmental Corp.’s (CECO) price is currently up 19.98% so far this month.

During the month of May, CECO Environmental Corp.’s stock price has reached a high of $26.04 and a low of $21.35.

Over the last year, CECO Environmental Corp. has hit prices as high as $25.82 and as low as $10.68. Year to date, CECO Environmental Corp.’s stock is up 122.09%.

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What Caused CECO Environmental Corp. Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of May 23, 2024, there were 5 analysts who downgraded CECO Environmental Corp.’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate CECO Environmental Corp.’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on CECO Environmental Corp.’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

CECO Environmental Corp.’s current valuation based on AAII’s Value Grade is a D, which means it is considered to be Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about CECO Environmental Corp. (CECO) by visiting AAII Stock Evaluator.

Relative Price Strength of CECO Environmental Corp.

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of May 23, 2024, CECO Environmental Corp. has a weighted four-quarter relative price strength of 14.25%, which translates to a Momentum Score of 90 and is considered to be Very Strong.

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CECO Environmental Corp. Stock Price: Bottom Line

As of May 24, 2024, CECO Environmental Corp.’s stock price is $25.94, which is up 4.3% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like CECO Environmental Corp. stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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