Lincoln Educational Services (LINC) Sets New 52-Week High at $2.89

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Shares of Lincoln Educational Services Corp (NASDAQ:LINC) reached a new 52-week high during trading on Wednesday . The stock traded as high as $2.89 and last traded at $2.72, with a volume of 100 shares changing hands. The stock had previously closed at $2.44.

Several research firms have commented on LINC. Zacks Investment Research raised shares of Lincoln Educational Services from a “hold” rating to a “buy” rating and set a $2.25 price objective for the company in a research report on Tuesday, August 14th. ValuEngine raised shares of Lincoln Educational Services from a “hold” rating to a “buy” rating in a research report on Friday, November 2nd. Finally, Barrington Research increased their price objective on shares of Lincoln Educational Services to $3.50 and gave the company an “outperform” rating in a research report on Thursday, September 13th.

The company has a current ratio of 0.77, a quick ratio of 0.73 and a debt-to-equity ratio of 0.69. The firm has a market capitalization of $57.66 million, a price-to-earnings ratio of -5.71 and a beta of 2.10.

Lincoln Educational Services (NASDAQ:LINC) last issued its quarterly earnings data on Wednesday, August 8th. The company reported ($0.17) EPS for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.07. The business had revenue of $61.12 million for the quarter, compared to analysts’ expectations of $60.45 million. Lincoln Educational Services had a negative net margin of 1.85% and a negative return on equity of 12.10%. On average, research analysts expect that Lincoln Educational Services Corp will post -0.06 earnings per share for the current year.

An institutional investor recently raised its position in Lincoln Educational Services stock. Essex Investment Management Co. LLC boosted its stake in Lincoln Educational Services Corp (NASDAQ:LINC) by 362.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 165,908 shares of the company’s stock after acquiring an additional 130,004 shares during the quarter. Essex Investment Management Co. LLC owned 0.67% of Lincoln Educational Services worth $289,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 62.95% of the company’s stock.

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Lincoln Educational Services Company Profile (NASDAQ:LINC)

Lincoln Educational Services Corporation, together with its subsidiaries, provides various career-oriented post-secondary education services to high school graduates and working adults in the United States. The company operates in three segments: Transportation and Skilled Trades; Healthcare and Other Professions; and Transitional.

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