Grand Canyon Stock Hits New 52-Week High (LOPE)

NEW YORK ( TheStreet) -- Grand Canyon Education (Nasdaq: LOPE) hit a new 52-week high Friday as it is currently trading at $18.50, above its previous 52-week high of $18.49 with 526,004 shares traded as of 3:45 p.m. ET. Average volume has been 313,500 shares over the past 30 days.

Grand Canyon has a market cap of $764.7 million and is part of the services sector and diversified services industry. Shares are up 11.7% 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 15.6, below the average diversified services industry P/E ratio of 17.3 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Grand Canyon as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, revenue growth, expanding profit margins, largely solid financial position with reasonable debt levels by most measures and growth in earnings per share. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Grand Canyon Ratings Report.

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