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 April 19, 2024, CET stock price declined to $40.11 with 31,910 million shares trading.

CET has a beta of 0.69, meaning it tends to be less sensitive to market movements. CET has a correlation of 0.55 to the broad based SPY ETF.

CET has a market cap of $1.14 billion. This is considered a Small Cap stock.

In the last 3 years, CET stock traded as high as $45.14 and as low as $33.01.

CET stock has underperformed the market in the last year with a return of +20.4%, while SPY returned +21.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in CET shares. However, CET has outperformed the market in the last 3 month and 2 week periods, returning +7.6% and -2.5%, while SPY returned +4.3% and -3.5%, respectively. This indicates CET has been having a stronger performance recently.

CET support price is $39.85 and resistance is $40.57 (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 stock will trade within this expected range on the day.