Grand Canyon Stock Gaps Down On Today's Open (LOPE)
Shares of Grand Canyon Education (Nasdaq:LOPE) were gapping down Wednesday morning with an open price 10.9% lower than Tuesday's closing price. The stock closed at $16.94 yesterday and opened today's trading at $15.09.
NEW YORK ( TheStreet) -- Shares of Grand Canyon Education (Nasdaq: LOPE) were gapping down Wednesday morning with an open price 10.9% lower than Tuesday's closing price. The stock closed at $16.94 Tuesday and opened today's trading at $15.09. The average volume for Grand Canyon has been 332,700 shares per day over the past 30 days. Grand Canyon has a market cap of $797.1 million and is part of the services sector and diversified services industry. Shares are down 13.5% year to date as of the close of trading on Tuesday. Grand Canyon Education, Inc. provides online postsecondary education services in the United States. It focuses on offering graduate and undergraduate degree programs in education, business, and healthcare disciplines. The company also offers ground and onsite programs. The company has a P/E ratio of 18.2, above the average diversified services industry P/E ratio of 16.8 and below the S&P 500 P/E ratio of 23.2. TheStreet Ratings rates Grand Canyon as hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full Grand Canyon Ratings Report. Get more investment ideas from our investment research center.