CECO Crosses Below Key Price/Book Valuation Level

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:

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Career Education Corp Moving Averages Chart

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.

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