|Bid||8.64 x 800|
|Ask||8.67 x 2200|
|Day's Range||8.57 - 8.96|
|52 Week Range||3.53 - 8.96|
|Beta (5Y Monthly)||1.21|
|PE Ratio (TTM)||18.03|
|Earnings Date||Aug 05, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Sep 14, 2017|
|1y Target Est||9.25|
CECO (CECE) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
CECO Environmental Inc (NASDAQ:CECE) was trading 3.3% higher from the previous closing price. A Form 4 filing filed with the SEC on Tuesday, August 11 showed that Pollack Jonathan bought 3,000 shares at an average price of $8.34. The transaction moved the executive's stake in CECO Environmental Inc. to 88,200 shares.Why Insider Transactions Are Important? Insider transactions shouldn't be used primarily to make an investing decision, however an insider transaction can be an important factor in the investing decision.When an insider buys stock after an important sell off, that can indicate the insider's faith in the success of the organization. Henceforth, if the stock is bought at new highs, it might be because the insider feels that the stock is not overvalued. Conversely, insiders who are selling stock at new lows can potentially indicate some kind of capitulation moment. Insiders selling at new highs can indicate that exec wants to "take some profit" and "lock in a gain."Important Transaction Codes Investors prefer focusing on transactions which take place in the open market, indicated in the Form 4 with codes P for purchase and S for sale. If the transaction was an open-market transaction, that means that the insider made a concious decision for the company's stock moving forward.Transaction codes besides P or S aren't relatively important as they are seldom tied to a decision by the executive. For example, transaction code A is indicative of an insider being forced to sell shares to attain compensation. Moreover, transaction code C indicates the conversion of an option.See more from Benzinga * Stocks That Hit 52-Week Highs On Monday * CECO Environmental: Q2 Earnings Insights(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
CECO (CECE) delivered earnings and revenue surprises of 75.00% and 4.84%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?