Lincoln Educational Services Corp. (LINC) Shares Up 18%
Lincoln Educational Services Corp. (NASDAQ:LINC) shot up 18% during trading on Friday . The company traded as high as $2.10 and last traded at $2.10, with a volume of 73,480 shares trading hands. The stock had previously closed at $1.78.
Separately, Zacks Investment Research upgraded Lincoln Educational Services Corp. from a “hold” rating to a “strong-buy” rating and set a $2.25 target price on the stock in a report on Saturday.
The company’s 50 day moving average price is $1.59 and its 200 day moving average price is $2.10. The company’s market cap is $48.10 million.
Lincoln Educational Services Corp. (NASDAQ:LINC) last issued its earnings results on Wednesday, August 3rd. The company reported ($0.13) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.21) by $0.08. The company earned $68.10 million during the quarter, compared to analyst estimates of $41.57 million. The business’s revenue was down 42.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.33) earnings per share. On average, equities analysts forecast that Lincoln Educational Services Corp. will post ($0.12) earnings per share for the current year.
Lincoln Educational Services Corporation is a provider of post-secondary education. The Company operates in two segments: Transportation and Skilled Trades, and Transitional. The Transportation and Skilled Trades segment offers academic programs in the disciplines of transportation and skilled trades (automotive, diesel, heating, ventilation and air conditioning (HVAC), welding and manufacturing).
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