Shares of ITT Educational Services Inc. (NYSE:ESI) saw strong trading volume on Monday . 246,522 shares were traded during trading, a decline of 6% from the previous session’s volume of 261,284 shares.The stock last traded at $2.10 and had previously closed at $1.97.

Separately, Zacks Investment Research cut ITT Educational Services from a “hold” rating to a “sell” rating in a report on Monday, May 2nd.

The firm’s 50 day moving average price is $1.94 and its 200 day moving average price is $2.52. The firm has a market capitalization of $50.00 million and a P/E ratio of 3.0056.

ITT Educational Services (NYSE:ESI) last released its earnings results on Friday, April 29th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by $0.02. During the same period last year, the firm posted $0.44 EPS. The firm earned $191.50 million during the quarter, compared to analysts’ expectations of $190.85 million. The business’s revenue for the quarter was down 16.7% on a year-over-year basis. Equities research analysts predict that ITT Educational Services Inc. will post $0.43 EPS for the current year.

In related news, major shareholder Yude Zhang bought 206,092 shares of the business’s stock in a transaction dated Friday, July 1st. The stock was purchased at an average cost of $1.94 per share, for a total transaction of $399,818.48. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

A hedge fund recently raised its stake in ITT Educational Services stock. Globeflex Capital L P increased its position in shares of ITT Educational Services Inc. (NYSE:ESI) by 1.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 307,651 shares of the company’s stock after buying an additional 3,213 shares during the period. Globeflex Capital L P owned approximately 1.30% of ITT Educational Services worth $1,148,000 at the end of the most recent quarter.

ITT Educational Services, Inc is a provider of postsecondary degree programs in the United States. The Company offers master, bachelor and associate degree programs to over 45,000 students, and short-term information technology and business learning solutions for career advancers and other professionals.

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