Career Stock Hits New 52-Week Low (CECO)

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.

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