NEW YORK ( TheStreet) -- Shares of Grand Canyon Education (Nasdaq: LOPE) were gapping up Thursday morning with an open price 17.7% higher than Wednesday's closing price. The stock closed at $12.82 Wednesday and opened today's trading at $15.09.

The average volume for Grand Canyon has been 327,300 shares per day over the past 30 days. Grand Canyon has a market cap of $578.7 million and is part of the services sector and diversified services industry. Shares are down 34.6% year to date as of the close of trading on Wednesday.

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 13.4, above the average diversified services industry P/E ratio of 13.3 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Grand Canyon as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, a generally disappointing performance in the stock itself and disappointing return on equity. You can view the full Grand Canyon Ratings Report.

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