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NEW YORK ( TheStreet) -- Career Education Corporation (Nasdaq: CECO) hit a new 52-week low Friday as it is currently trading at $6.85, below its previous 52-week low of $6.90 with 5,702 shares traded as of 9:30 a.m. ET. Average volume has been 1.5 million shares over the past 30 days. Career has a market cap of $534 million and is part of the services sector and diversified services industry. Shares are down 66.5% year to date as of the close of trading on Wednesday. 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 3.6, equal to the average diversified services industry P/E ratio and below the S&P 500 P/E ratio of 17.7.