Grand Canyon Stock Gaps Up On Today's Open (LOPE)

NEW YORK ( TheStreet) -- Shares of Grand Canyon Education (Nasdaq: LOPE) were gapping up Friday morning with an open price 15% higher than Thursday's closing price. The stock closed at $14.29 Thursday and opened today's trading at $16.44.

The average volume for Grand Canyon has been 419,100 shares per day over the past 30 days. Grand Canyon has a market cap of $666.2 million and is part of the services sector and diversified services industry. Shares are down 27.1% year to date as of the close of trading on Thursday.

Grand Canyon Education, Inc. provides postsecondary education services in the United States. The company focuses on graduate and undergraduate degree programs primarily in the disciplines of education, business, healthcare, and liberal arts. The company has a P/E ratio of 15.5, above the average diversified services industry P/E ratio of 15.3 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, 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 unimpressive growth in net income, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full Grand Canyon Ratings Report.

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