NEW YORK ( TheStreet) -- Career Education Corporation (Nasdaq: CECO) hit a new 52-week low Friday as it is currently trading at $6.14, below its previous 52-week low of $6.22 with 863,580 shares traded as of 9:59 a.m. ET. Average volume has been 1.1 million shares over the past 30 days. Career has a market cap of $469.7 million and is part of the services sector and diversified services industry. Shares are down 12.3% year to date as of the close of trading on Thursday. Career Education Corporation operates colleges, schools, and universities that provide educational services in career-oriented disciplines worldwide.
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 and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow. You can view the full Career Ratings Report. See all 52-week low stocks or get investment ideas from our investment research center.