Key Points
- Linkers Industries major shareholder Financial Lp Hrt sold 9,299 shares on July 2 at an average price of $1.60, reducing its position by 5.43% to 161,953 shares.
- The shareholder has also been actively trading LNKS recently, including additional small sales and several purchases in late June and early July, according to SEC filings.
- LNKS opened at $1.42, and the company reported a loss of $6.54 per share on revenue of $1.35 million in its latest quarterly results; analyst sentiment remains Sell.
Linkers Industries Limited (NASDAQ:LNKS - Get Free Report) major shareholder Financial Lp Hrt sold 9,299 shares of the firm's stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $1.60, for a total value of $14,878.40. Following the sale, the insider directly owned 161,953 shares of the company's stock, valued at approximately $259,124.80. This trade represents a 5.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.
Financial Lp Hrt also recently made the following trade(s):
- On Monday, July 6th, Financial Lp Hrt sold 135 shares of Linkers Industries stock. The shares were sold at an average price of $1.60, for a total value of $216.00.
- On Wednesday, July 1st, Financial Lp Hrt purchased 392 shares of Linkers Industries stock. The stock was acquired at an average cost of $1.63 per share, for a total transaction of $638.96.
- On Tuesday, June 30th, Financial Lp Hrt sold 5,249 shares of Linkers Industries stock. The stock was sold at an average price of $1.67, for a total value of $8,765.83.
- On Monday, June 29th, Financial Lp Hrt acquired 3,887 shares of Linkers Industries stock. The shares were acquired at an average cost of $1.80 per share, with a total value of $6,996.60.
- On Friday, June 26th, Financial Lp Hrt acquired 2,938 shares of Linkers Industries stock. The stock was bought at an average price of $1.98 per share, for a total transaction of $5,817.24.
- On Thursday, June 25th, Financial Lp Hrt bought 7,029 shares of Linkers Industries stock. The stock was bought at an average cost of $2.06 per share, for a total transaction of $14,479.74.
- On Wednesday, June 24th, Financial Lp Hrt bought 2,403 shares of Linkers Industries stock. The shares were bought at an average cost of $2.32 per share, with a total value of $5,574.96.
- On Tuesday, June 23rd, Financial Lp Hrt purchased 32,502 shares of Linkers Industries stock. The shares were bought at an average price of $2.34 per share, with a total value of $76,054.68.
Linkers Industries Price Performance
Shares of LNKS opened at $1.42 on Wednesday. The firm has a 50-day simple moving average of $1.68 and a two-hundred day simple moving average of $90.81. Linkers Industries Limited has a 1-year low of $1.14 and a 1-year high of $420.00. The company has a current ratio of 4.69, a quick ratio of 3.53 and a debt-to-equity ratio of 0.02.
Linkers Industries (NASDAQ:LNKS - Get Free Report) last issued its quarterly earnings data on Wednesday, April 29th. The company reported ($6.54) EPS for the quarter. The firm had revenue of $1.35 million for the quarter.
Analyst Ratings Changes
Several research firms have recently commented on LNKS. Wall Street Zen upgraded Linkers Industries from a "strong sell" rating to a "sell" rating in a research report on Sunday, June 28th. Weiss Ratings reiterated a "sell (e+)" rating on shares of Linkers Industries in a report on Monday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Linkers Industries currently has an average rating of "Sell".
Get Our Latest Research Report on LNKS
About Linkers Industries
(
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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