In trading on Wednesday, shares of Career Education Corp (CECO) crossed below their last reported book value — defined as common shareholder equity per share — of $6.78, changing hands as low as $6.76 per share. Career Education Corp shares are currently trading off about 3.5% on the day. The chart below shows the one year performance of CECO shares, versus its 50 and 200 day moving averages:
Looking at the chart above, CECO's low point in its 52 week range is $2.13 per share, with $7.93 as the 52 week high point — that compares with a last trade of $6.78.
According to the ETF Finder at ETF Channel, CECO makes up 1.30% of the PowerShares DWA Consumer Staples Momentum Portfolio ETF (PSL) which is trading lower by about 0.4% on the day Wednesday.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts