Shares of ITT Educational Services Inc. (NYSE:ESI) were up 2.3% during mid-day trading on Friday . The company traded as high as $2.25 and last traded at $2.25, with a volume of 145,137 shares changing hands. The stock had previously closed at $2.20.

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

The company has a market capitalization of $53.97 million and a P/E ratio of 2.65. The firm has a 50 day moving average price of $2.10 and a 200-day moving average price of $2.42.

ITT Educational Services (NYSE:ESI) last announced its earnings results on Thursday, July 28th. The company reported $0.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.22. The firm had revenue of $176.30 million for the quarter, compared to the consensus estimate of $179.05 million. During the same period in the previous year, the firm earned $0.03 EPS. ITT Educational Services’s revenue for the quarter was down 17.7% on a year-over-year basis. Equities analysts predict that ITT Educational Services Inc. will post $1.82 earnings per share for the current fiscal year.

In related news, major shareholder Yude Zhang purchased 114,188 shares of the company’s stock in a transaction on Wednesday, July 27th. The shares were bought at an average price of $2.10 per share, with a total value of $239,794.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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.