NEW YORK ( TheStreet) -- Shares of CECO Environmental (Nasdaq: CECE) have taken a tremendous swing upward. The stock is trading at $6.46 as of 9:48 a.m. ET, 21.7% above Wednesday's closing price of $5.31. Volume is at 17,009, 0.8 times the daily average of 20,800.

CECO has a market cap of $85.3 million and is part of the industrial goods sector and industrial industry. Shares are down 10.9% year to date as of the close of trading on Wednesday.

CECO Environmental Corp. engages in engineering, designing, building, and installing systems that capture, clean, and destroy airborne contaminants from industrial facilities, as well as equipment that controls emissions from such facilities primarily in the United States and Canada. The company has a P/E ratio of 25.9, equal to the average industrial industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates CECO as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full CECO Ratings Report.

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