Shares of ITT Educational Services Inc. (NYSE:ESI) were down 5.5% during trading on Friday . The company 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 shares of ITT Educational Services from a “sell” rating to a “buy” rating and set a $2.50 price target for the company in a research note on Tuesday, May 17th.

The stock’s 50 day moving average is $1.93 and its 200 day moving average is $2.51. The firm has a market capitalization of $48.82 million and a P/E ratio of 2.93.

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

In other ITT Educational Services news, major shareholder Yude Zhang bought 350,642 shares of the company’s stock in a transaction on Tuesday, July 5th. The shares were 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 is available through this link.

A hedge fund recently raised its stake in ITT Educational Services stock. Globeflex Capital L P boosted its stake 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 (SEC). 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 as of its most recent SEC filing.

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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