Ecology and Environment (NASDAQ:EEI) Lifted to Buy at ValuEngine

ValuEngine upgraded shares of Ecology and Environment (NASDAQ:EEI) from a hold rating to a buy rating in a research note issued to investors on Thursday morning, ValuEngine reports.

Separately, TheStreet downgraded Ecology and Environment from a b- rating to a c- rating in a research note on Friday, June 21st.

NASDAQ EEI traded up $0.16 during trading on Thursday, hitting $10.56. 9,079 shares of the company’s stock were exchanged, compared to its average volume of 4,449. Ecology and Environment has a fifty-two week low of $9.27 and a fifty-two week high of $13.95. The firm’s 50 day moving average price is $10.83.

Ecology and Environment (NASDAQ:EEI) last issued its earnings results on Monday, June 17th. The industrial products company reported ($3.53) EPS for the quarter. The business had revenue of $21.78 million for the quarter. Ecology and Environment had a negative return on equity of 5.28% and a negative net margin of 2.21%.

The firm also recently announced a Semi-Annual dividend, which will be paid on Monday, August 12th. Shareholders of record on Monday, August 5th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, August 2nd.

An institutional investor recently raised its position in Ecology and Environment stock. Wedbush Securities Inc. lifted its position in shares of Ecology and Environment (NASDAQ:EEI) by 4.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 121,635 shares of the industrial products company’s stock after purchasing an additional 5,346 shares during the period. Wedbush Securities Inc. owned about 2.82% of Ecology and Environment worth $1,338,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 36.72% of the company’s stock.

Ecology and Environment Company Profile

Ecology & Environment, Inc, an environmental consulting firm, provides professional services to government and private clients worldwide. It offers support services for response and site assessment activities related to the release and threat of release of oil, petroleum products, hazardous substances, and weapons of mass destruction or pollutants or contaminants; and undertakes task order contracts comprising various environmental assessment projects, engineering and oversight of pollution remediation, and other hazardous waste remediation activities, as well as prepares environmental impact assessment documents for federal land management agencies.

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