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 downgraded ITT Educational Services from a “hold” rating to a “sell” rating in a research note on Monday, May 2nd.

The firm has a market capitalization of $49.77 million and a P/E ratio of 2.99. The stock has a 50-day moving average price of $1.93 and a 200 day moving average price of $2.53.

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

In other news, major shareholder Yude Zhang acquired 350,642 shares of ITT Educational Services stock in a transaction on Tuesday, July 5th. The stock was bought at an average price of $1.92 per share, for a total transaction of $673,232.64. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.

A hedge fund recently raised its stake in ITT Educational Services stock. Globeflex Capital L P boosted its position in 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 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 1.30% of ITT Educational Services worth $1,148,000 as of its most recent filing with the SEC.

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.