ITT Educational Services Inc. (NYSE:ESI) shares traded down 5.5% on Friday . The stock traded as low as $2.06 and last traded at $2.06, with a volume of 80,417 shares. The stock had previously closed at $2.18.

Separately, Zacks Investment Research upgraded ITT Educational Services from a “sell” rating to a “buy” rating and set a $2.50 target price on the stock in a report on Tuesday, May 17th.

The stock’s 50 day moving average is $1.93 and its 200-day moving average is $2.51. The stock has a market cap of $48.82 million and a PE ratio of 2.93.

ITT Educational Services (NYSE:ESI) last announced its quarterly earnings results on Friday, April 29th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by $0.02. The firm had revenue of $191.50 million for the quarter, compared to the consensus estimate of $190.85 million. During the same period in the previous year, the business earned $0.44 EPS. The business’s quarterly revenue was down 16.7% on a year-over-year basis. On average, analysts forecast that ITT Educational Services Inc. will post $0.43 earnings per share for the current fiscal year.

In related news, major shareholder Yude Zhang purchased 206,092 shares of the stock in a transaction dated Friday, July 1st. The stock was bought at an average cost of $1.94 per share, for a total transaction of $399,818.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

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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