Interlink Electronics, Inc. (NASDAQ:LINK – Get Free Report)’s share price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $4.43 and traded as low as $4.38. Interlink Electronics shares last traded at $4.65, with a volume of 29,697 shares.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings downgraded Interlink Electronics from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, June 11th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $8.67.
View Our Latest Stock Analysis on LINK
Interlink Electronics Trading Down 0.2%
Interlink Electronics (NASDAQ:LINK – Get Free Report) last posted its quarterly earnings data on Thursday, May 14th. The technology company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01. The business had revenue of $3.07 million during the quarter, compared to analyst estimates of $3.30 million. Interlink Electronics had a negative net margin of 10.41% and a negative return on equity of 13.62%.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC lifted its stake in shares of Interlink Electronics by 162.0% during the 4th quarter. Renaissance Technologies LLC now owns 93,770 shares of the technology company’s stock worth $364,000 after purchasing an additional 57,974 shares during the period. Geode Capital Management LLC grew its position in shares of Interlink Electronics by 65.7% in the fourth quarter. Geode Capital Management LLC now owns 47,818 shares of the technology company’s stock valued at $186,000 after purchasing an additional 18,962 shares during the period. CreativeOne Wealth LLC purchased a new stake in shares of Interlink Electronics in the third quarter valued at $510,000. XTX Topco Ltd acquired a new position in Interlink Electronics in the fourth quarter valued at $40,000. Finally, IHT Wealth Management LLC increased its stake in Interlink Electronics by 65.7% in the fourth quarter. IHT Wealth Management LLC now owns 46,741 shares of the technology company’s stock valued at $181,000 after purchasing an additional 18,527 shares during the last quarter.
About Interlink Electronics
Interlink Electronics, Inc is a California-based company specializing in the design, development and manufacture of human interface technologies. The company’s core focus is on force-sensing and touch-sensitive solutions that enable intuitive control and feedback in electronic devices. Interlink holds proprietary intellectual property in the field of force-sensing resistors (FSRs) and related sensor technologies, giving it a distinct position in the market for tactile input components.
Interlink’s product portfolio includes thin-film force-sensing resistors, membrane keypads, touchpads and programmable touch-feedback modules.
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