K12 (NYSE:LRN) hit a new 52-week low Wednesday as it is currently trading at $17.27, below its previous 52-week low of $17.31 with 49,531 shares traded as of 10:45 a.m. ET. Average volume has been 523,600 shares over the past 30 days.
NEW YORK ( TheStreet) -- K12 (NYSE: LRN) hit a new 52-week low Wednesday as it is currently trading at $17.27, below its previous 52-week low of $17.31 with 49,531 shares traded as of 10:45 a.m. ET. Average volume has been 523,600 shares over the past 30 days. K12 has a market cap of $651.1 million and is part of the services sector and diversified services industry. Shares are up 0.4% year to date as of the close of trading on Tuesday. K12 Inc., a technology-based education company, provides proprietary curriculum, software systems, and educational services for individualized learning for students in kindergarten through 12th grade (K12) primarily in the United States. The company has a P/E ratio of 42.7, equal to the average diversified services industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates K12 as a 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 increase in net income. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, disappointing return on equity and weak operating cash flow. You can view the full K12 Ratings Report. See all 52-week low stocks or get investment ideas from our investment research center.
Investors considering a purchase of K12 Inc stock, but cautious about paying the going market price of $10.64/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the June put at the $7.50 strike, which has a bid at the time of this writing of 25 cents.