ITT Educational Services Inc. (NYSE:ESI) fell 6.2% on Monday . The company traded as low as $2.07 and last traded at $2.12, with a volume of 317,995 shares trading hands. The stock had previously closed at $2.26.

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

The firm has a market cap of $50.01 million and a PE ratio of 2.46. The company has a 50 day moving average of $1.97 and a 200 day moving average of $2.46.

ITT Educational Services (NYSE:ESI) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.22. During the same quarter last year, the company earned $0.03 earnings per share. The company earned $176.30 million during the quarter, compared to the consensus estimate of $179.05 million. The business’s revenue was down 17.7% on a year-over-year basis. On average, equities analysts anticipate that ITT Educational Services Inc. will post $0.43 EPS for the current year.

In related news, major shareholder Yude Zhang purchased 206,092 shares of the stock in a transaction on Friday, July 1st. The shares were 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 Securities & Exchange Commission, which is available 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 filing with the 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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