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Education Management Corp (NASDAQ:EDMC) was downgraded by Wells Fargo & Co. to an “underperform” rating in a research note issued on Thursday, TheFlyOnTheWall.com reports.

Education Management Corp (NASDAQ:EDMC) traded down 2.36% during mid-day trading on Thursday, hitting $1.24. 235,252 shares of the company’s stock traded hands. Education Management Corp has a one year low of $1.12 and a one year high of $16.94. The stock has a 50-day moving average of $1.41 and a 200-day moving average of $2.90. The company’s market cap is $156.2 million.

Education Management Corporation (NASDAQ:EDMC) is a provider of post-secondary education in North America, with approximately 151,200 enrolled students as of October 2011.

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