ModusLink Global Solutions Inc. (MLNK) Releases Earnings Results
ModusLink Global Solutions Inc. (NASDAQ:MLNK) released its earnings results on Friday. The company reported ($0.38) earnings per share (EPS) for the quarter. ModusLink Global Solutions had a negative net margin of 9.76% and a negative return on equity of 36.02%.
ModusLink Global Solutions (NASDAQ:MLNK) traded down 2.68% during mid-day trading on Friday, hitting $1.45. The company had a trading volume of 16,061 shares. ModusLink Global Solutions has a 12-month low of $1.05 and a 12-month high of $3.11. The firm’s market capitalization is $75.69 million. The company’s 50 day moving average price is $1.48 and its 200-day moving average price is $1.39.
An institutional investor recently bought a new position in ModusLink Global Solutions stock. Paloma Partners Management Co acquired a new position in shares of ModusLink Global Solutions Inc. (NASDAQ:MLNK) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 133,602 shares of the company’s stock, valued at approximately $164,000. Paloma Partners Management Co owned 0.26% of ModusLink Global Solutions as of its most recent filing with the SEC. Institutional investors and hedge funds own 60.22% of the company’s stock.
ModusLink Global Solutions Company Profile
ModusLink Global Solutions, Inc is a provider of supply chain and logistics services through its subsidiaries, ModusLink Corporation and ModusLink PTS, Inc The Company provides services to companies, including consumer electronics, communications, computing, luxury goods, medical devices, consumer packaged goods, software, storage and retail.
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