This market isn't driven by valuation, but speculation. So unless a rumor comes out that CLRO is a takeover target, It's not getting to 16 anytime soon. Especially if they can't start to grow the top line again.
30% Electrical Construction Margins in Q4, after 28% in Q3.
One of the concerns of some when the company announced it would focus on MSA work would be smaller margins. I'd say this has been proven incorrect with the last two quarters where most of the revenues has come from MSA.