Home / Market Movers / Services Sector Fueled by 9.83% Gain from Lincoln Educational Services Corporation (LINC) on September 21

Services Sector Fueled by 9.83% Gain from Lincoln Educational Services Corporation (LINC) on September 21

Lincoln Educational Services Corporation (LINC) was one of the best performers amongst all companies listed in the services sector on the NYSE and NASDAQ exchanges during trading on September 21, climbing 9.83% to wrap the day at $2.58 after closing the day prior at $2.35. Throughout the trading session, shares of LINC rose as high as $2.84 and dipped as low as $2.55. Today’s advance came with about 196,710 shares changing hands, compared to an average 30-day volume of 44,654 for Lincoln Educational Services Corporation. The price is currently below the 30-day volume weighted average price of $2.69 for LINC.

The share appreciation today gives the company a market capitalization of $55.95 million based upon 23.82 million shares outstanding. It also means that LINC has a price-to-book ratio of 0.77:1.

In the past 52 weeks, shares of LINC have traded as low as $0.17 and as high as $3.2. Technical traders will take note that at $2.58, shares of LINC are trading above their 200-day MA at $2.1 and above their 50-day MA at $1.92. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.

Who is LINC?

Lincoln Educational Services Corp along with its subsidiaries provide diversified career-oriented post-secondary education to recent high school graduates and working adults. The company’s 2398 employees are led by CEO Scott M. Shaw from the corporate headquarters at 200 Executive Drive in West Orange, NJ.


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