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NEW YORK ( TheStreet) -- Grand Canyon Education (Nasdaq: LOPE) hit a new 52-week low Friday as it is currently trading at $12.82, below its previous 52-week high of $26.81 with 79,320 shares traded as of 10:21 a.m. ET. Average volume has been 386,400 shares over the past 30 days. Grand Canyon has a market cap of $591.7 million and is part of the services sector and diversified services industry. Shares are down 33.2% year to date as of the close of trading on Thursday. 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 13.7, above the average diversified services industry P/E ratio of 13.6 and below the S&P 500 P/E ratio of 17.7.