CECO Stock Summary and Trading Ideas (Ceco Environmental Corp. | NASDAQ:CECO)

CECO Environmental Corp serves the energy, industrial, and other niche markets. The company operates through the Engineered Systems segment that serves the power generation, refinery, water/wastewater, and midstream oil and gas markets, and Industrial Process Solutions segment, which serves the broad industrial air pollution control, beverage can, fluid handling, electric vehicle production, food and beverage, semi-conductor, process filtration, pharmaceutical, petrochemical, wastewater treatment, wood manufacturing, desalination, and aquaculture markets. The majority of revenue is earned from the Engineered Systems Segment.

Ceco Environmental Corp. trades on the NASDAQ stock market under the symbol CECO.

As of April 18, 2024, CECO stock price declined to $22.36 with 194,478 million shares trading.

CECO has a beta of 0.91, meaning it tends to be less sensitive to market movements. CECO has a correlation of 0.06 to the broad based SPY ETF.

CECO has a market cap of $777.35 million. This is considered a Small Cap stock.

The top ETF exchange traded funds that CECO belongs to (by Net Assets): VTI, IWM, VXF, IWN, DFAT.

CECO has outperformed the market in the last year with a return of +68.1%, while the SPY ETF gained +22.3%. In the last 3 month period, CECO beat the market returning +17.2%, while SPY returned +6.1%. However, in the most recent 2 weeks CECO has underperformed the stock market by returning -6.9%, while SPY returned -3.8%.

CECO support price is $22.55 and resistance is $23.67 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CECO stock will trade within this expected range on the day.