Heelys - Upgrades & Downgrades

NEW YORK ( TheStreet) -TheStreet Ratings' stock model downgraded Heelys Inc ( HLYS) to 'Sell' from 'Hold'. Net loss at this $66 million market cap, wheeled footwear company grew to $3.2 million compared to a loss of $1.1 million in the prior fourth quarter.

TheStreet Ratings released rating changes on 19 U.S. common stocks for March 10, 2011. In total, 13 stocks were upgraded and six stocks were downgraded by our stock model.

In the fourth quarter, Heelys reported $6.7 million in revenue, a decrease of 40.8% compared to the year earlier quarter. Learn more about Heelys: Company Profile, Income Statement, Balance Sheet, Stock Ratios, Analyst Ratings.

$2.1 billion market cap, postsecondary degree company, ITT Educational Services ( ESI) was upgraded to 'Buy' from 'Hold'. In fourth quarter results, ITT Educational Services reported net income of $97.5 million, an increase of 4.1% compared to the year earlier quarter. Over the same time period, revenue grew by 9.5% to $410 million. Learn more about ITT Educational Services: Company Profile, Income Statement, Balance Sheet, Stock Ratios, Analyst Ratings.

-- Reported by Kevin Baker in Jupiter, FL.

For additional Investment Research check out our Ratings Research Center.

Kevin Baker became the senior financial analyst for TheStreet Ratings upon the August 2006 acquisition of Weiss Ratings by TheStreet.com, covering mutual funds. He joined the Weiss Group in 1997 as a banking and brokerage analyst. In 1999, he created the Weiss Group's first ratings to gauge the level of risk in U.S. equities. Baker received a B.S. degree in management from Rensselaer Polytechnic Institute and an M.B.A. with a finance specialization from Nova Southeastern University.

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