Shares of ITT Educational Services Inc. (NYSE:ESI) were down 6.2% during trading 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 lowered shares of ITT Educational Services from a “hold” rating to a “sell” rating in a report on Monday, May 2nd.

The stock has a market cap of $51.57 million and a price-to-earnings ratio of 2.53. The firm has a 50 day moving average price of $1.98 and a 200-day moving average price of $2.46.

ITT Educational Services (NYSE:ESI) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.22. 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.03 earnings per share. On average, equities research 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 ITT Educational Services stock in a transaction dated Friday, July 1st. The stock was purchased at an average cost of $1.94 per share, for a total transaction of $399,818.48. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

A hedge fund recently raised its stake in ITT Educational Services stock. Globeflex Capital L P raised its position in ITT Educational Services Inc. (NYSE:ESI) by 1.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. 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 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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