Lincoln Educational Services (NASDAQ:LINC) Shares Cross Below 50-Day Moving Average of $2.59
Shares of Lincoln Educational Services Corp (NASDAQ:LINC) passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $2.59 and traded as low as $2.16. Lincoln Educational Services shares last traded at $2.27, with a volume of 7,629 shares.
A number of research analysts recently weighed in on the company. Zacks Investment Research raised Lincoln Educational Services from a “hold” rating to a “buy” rating and set a $3.25 price objective on the stock in a report on Wednesday, May 15th. ValuEngine raised Lincoln Educational Services from a “hold” rating to a “buy” rating in a report on Monday, April 1st. Finally, TheStreet lowered Lincoln Educational Services from a “c” rating to a “d+” rating in a report on Thursday, June 13th.
The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.60 and a current ratio of 0.63. The stock has a market capitalization of $54.52 million, a P/E ratio of -7.78, a price-to-earnings-growth ratio of 1.12 and a beta of 0.75. The stock’s fifty day simple moving average is $2.55.
An institutional investor recently raised its position in Lincoln Educational Services stock. Nantahala Capital Management LLC raised its position in Lincoln Educational Services Corp (NASDAQ:LINC) by 0.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 2,436,805 shares of the company’s stock after purchasing an additional 20,000 shares during the period. Nantahala Capital Management LLC owned about 9.89% of Lincoln Educational Services worth $7,798,000 at the end of the most recent reporting period. 63.48% of the stock is owned by institutional investors.
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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