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

NEW YORK ( TheStreet) -- Grand Canyon Education (Nasdaq: LOPE) hit a new 52-week high Wednesday as it is currently trading at $19.08, above its previous 52-week high of $19.03 with 70,254 shares traded as of 10:35 a.m. ET. Average volume has been 342,400 shares over the past 30 days.

Grand Canyon has a market cap of $826.6 million and is part of the services sector and diversified services industry. Shares are up 18.1% year to date as of the close of trading on Tuesday.

Grand Canyon Education, Inc. provides postsecondary education services in the United States and Canada. It focuses on offering graduate and undergraduate degree programs in education, healthcare, business, and liberal arts disciplines. The company has a P/E ratio of 15.1, above the average diversified services industry P/E ratio of 15 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Grand Canyon as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Grand Canyon Ratings Report.

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