Shares of ITT Educational Services Inc. (NYSE:ESI) shot up 1.9% on Tuesday . The stock traded as high as $2.15 and last traded at $2.13, with a volume of 138,219 shares traded. The stock had previously closed at $2.09.

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

The company’s 50-day moving average is $1.98 and its 200 day moving average is $2.46. The stock has a market cap of $51.09 million and a PE ratio of 2.51.

ITT Educational Services (NYSE:ESI) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.22. The firm had revenue of $176.30 million for the quarter, compared to analysts’ expectations of $179.05 million. During the same quarter in the previous year, the firm posted $0.03 earnings per share. The firm’s revenue for the quarter was down 17.7% compared to the same quarter last year. Equities research analysts forecast that ITT Educational Services Inc. will post $0.43 EPS for the current year.

In related news, major shareholder Yude Zhang bought 350,642 shares of the company’s stock in a transaction on Tuesday, July 5th. The stock was bought at an average cost of $1.92 per share, for a total transaction of $673,232.64. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

An institutional investor recently raised its position in ITT Educational Services stock. Globeflex Capital L P increased its stake in shares of ITT Educational Services Inc. (NYSE:ESI) by 1.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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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