NEW YORK (

TheStreet

) --

Career Education Corporation

(Nasdaq:

CECO

) hit a new 52-week low Friday as it is currently trading at $6.14, below its previous 52-week low of $6.22 with 863,580 shares traded as of 9:59 a.m. ET. Average volume has been 1.1 million shares over the past 30 days.

Career has a market cap of $469.7 million and is part of the

services

sector and

diversified services

industry. Shares are down 12.3% year to date as of the close of trading on Thursday.

Career Education Corporation operates colleges, schools, and universities that provide educational services in career-oriented disciplines worldwide.

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TheStreet Ratings rates Career as a

hold

. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. You can view the full

Career Ratings Report

.

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