Key Points
- Major shareholder Financial Lp Hrt bought 7,029 shares of Linkers Industries at an average price of $2.06, bringing its stake to 169,214 shares after the transaction.
- The investor also made several recent purchases, including 32,502 shares on June 23 and smaller buys on June 24 and June 26, showing continued accumulation of LNKS stock.
- Linkers Industries recently reported a quarterly loss of $6.54 per share on $1.35 million in revenue, and Wall Street Zen now rates the stock a sell after downgrading it from strong sell.
Linkers Industries Limited (NASDAQ:LNKS - Get Free Report) major shareholder Financial Lp Hrt acquired 7,029 shares of the business's stock in a transaction that occurred on Thursday, June 25th. The shares were purchased at an average price of $2.06 per share, with a total value of $14,479.74. Following the completion of the acquisition, the insider owned 169,214 shares of the company's stock, valued at $348,580.84. This represents a 4.33% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.
Financial Lp Hrt also recently made the following trade(s):
- On Friday, June 26th, Financial Lp Hrt acquired 2,938 shares of Linkers Industries stock. The shares were purchased at an average cost of $1.98 per share, with a total value of $5,817.24.
- On Wednesday, June 24th, Financial Lp Hrt bought 2,403 shares of Linkers Industries stock. The stock was purchased at an average price of $2.32 per share, for a total transaction of $5,574.96.
- On Tuesday, June 23rd, Financial Lp Hrt bought 32,502 shares of Linkers Industries stock. The stock was purchased at an average cost of $2.34 per share, for a total transaction of $76,054.68.
Linkers Industries Price Performance
Shares of LNKS stock opened at $1.73 on Tuesday. Linkers Industries Limited has a fifty-two week low of $1.14 and a fifty-two week high of $420.00. The stock's 50-day moving average is $1.71 and its two-hundred day moving average is $94.21. The company has a quick ratio of 3.53, a current ratio of 4.69 and a debt-to-equity ratio of 0.02.
Linkers Industries (NASDAQ:LNKS - Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The company reported ($6.54) earnings per share (EPS) for the quarter. The firm had revenue of $1.35 million during the quarter.
Wall Street Analyst Weigh In
Separately, Wall Street Zen raised shares of Linkers Industries from a "strong sell" rating to a "sell" rating in a research report on Sunday. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Linkers Industries presently has a consensus rating of "Sell".
Read Our Latest Report on LNKS
Linkers Industries Company Profile
(
Get Free Report)
Linkers Industries Ltd. is a holding company, which engages in the business of manufacturing, supplying, and selling connectors, assemblies, wire, and cable harnesses. It operates through the following geographical segments: Thailand, Malaysia, Switzerland, the United States of America, and Others. The company was founded on December 8, 2022 and is headquartered in Sungai Petani, Malaysia.
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