NEW YORK ( TheStreet) -- Career Education Corporation (Nasdaq: CECO) hit a new 52-week low Monday as it is currently trading at $12.94, below its previous 52-week low of $12.95 with 28,291 shares traded as of 9:40 a.m. ET. Average volume has been 826,400 shares over the past 30 days. Career has a market cap of $1 billion and is part of the services sector and diversified services industry. Shares are down 37% year to date as of the close of trading on Friday. Career Education Corporation operates colleges, schools, and universities that provide educational services in career-oriented disciplines primarily in the United States. The company has a P/E ratio of seven, above the average diversified services industry P/E ratio of 6.3 and below the S&P 500 P/E ratio of 17.7.
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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, attractive valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and a generally disappointing performance in the stock itself. You can view the full Career Ratings Report. See all 52-week low stocks or get investment ideas from our investment research center.