NEW YORK ( TheStreet) -- Shares of ITT Educational Services (NYSE: ESI) were gapping up Wednesday morning with an open price 11.3% higher than Tuesday's closing price. The stock closed at $53.87 Tuesday and opened today's trading at $59.94. The average volume for ITT Educational Services has been 597,100 shares per day over the past 30 days. ITT Educational Services has a market cap of $1.37 billion and is part of the services sector and diversified services industry. Shares are down 15.4% year to date as of the close of trading on Tuesday. ITT Educational Services, Inc. provides postsecondary degree programs in the United States. The company has a P/E ratio of 4.7, above the average diversified services industry P/E ratio of 4.5 and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates ITT Educational Services as a hold. The company's strengths can be seen in multiple areas, such as its expanding profit margins and notable return on equity. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, weak operating cash flow and generally poor debt management. You can view the full ITT Educational Services Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping up? Get free SMS text alerts sent to you when the action happens by texting UP to 95370 or select from multiple alert options.