CET Stock Summary and Trading Ideas (Central Securities | AMEX:CET)

Central’s investment objective is long-term growth of capital. The fund invests primarily in common stocks, but may invest in bonds, convertible bonds, preferred stocks, convertible preferred stocks, warrants, options real estate, or short-term obligations of governments, banks and corporations. Managements philosophy is based on value investing combined with a policy of remaining generally fully invested. Management employs a variety of strategies and does not use a particular formula.

Central Securities trades on the AMEX stock market under the symbol CET.

As of January 8, 2025, CET stock price declined to $45.53 with 12,019 million shares trading.

CET has a beta of 0.68, meaning it tends to be less sensitive to market movements. CET has a correlation of 0.69 to the broad based SPY ETF.

CET has a market cap of $1.29 billion. This is considered a Small Cap stock.

In the last 3 years, CET traded as high as $49.51 and as low as $33.01.

CET has outperformed the market in the last year with a price return of +27.8% while the SPY ETF gained +25.7%. CET has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +4.3% and -1.0%, respectively, while the SPY returned +3.2% and -2.0%, respectively.

CET support price is $45.12 and resistance is $46.08 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CET shares will trade within this expected range on the day.