Career Education Corporation (CECO) lost ground during morning trading on September 23 to make it one of the worst performers amongst all NYSE and NASDAQ listed stocks in the services sector halfway through the trading day. At the lunch break, shares of CECO have fallen 3.05% to $6.83 after closing the day prior at $7.05. So far, the stock has traded as high as $7.02 and as low as $6.81. Today’s decline has come with about 70,993 shares changing hands, compared to an average 30-day volume of 440,527 for Career Education Corporation. The price is currently below the 30-day volume weighted average price of $6.9 for CECO.
The share depreciation gives the company a market capitalization of $482.63 million based upon 68.46 million shares outstanding. It also means that CECO has a price-to-book ratio of 1.36:1.
In the past 52 weeks, shares of CECO have traded as low as $2.23 and as high as $7.53. Technical traders will take note that at $6.83, shares of CECO are trading above their 200-day MA at $5.03 and below their 50-day MA at $6.87. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding below them is typically regarded as bearish.
Who is CECO?
Career Education Corp provides online, on-ground and hybrid learning programs. It serves students from campuses throughout the USA, offering programs that lead to doctoral, master's, bachelor's & associate degrees, as well as to diplomas & certificates. The company’s 6687 employees are led by CEO Todd S. Nelson from the corporate headquarters at 231 North Martingale Road in Schaumburg, IL.
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