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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.