California Public Employees Retirement System Continues to Hold Position in ModusLink Global Solutions, Inc (MLNK)
California Public Employees Retirement System continued to hold its stake in ModusLink Global Solutions, Inc (NASDAQ:MLNK) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 145,000 shares of the technology company’s stock at the end of the first quarter. California Public Employees Retirement System owned 0.26% of ModusLink Global Solutions worth $261,000 at the end of the most recent reporting period.
Separately, Gamco Investors INC. ET AL raised its position in ModusLink Global Solutions by 0.9% in the first quarter. Gamco Investors INC. ET AL now owns 592,000 shares of the technology company’s stock valued at $1,066,000 after buying an additional 5,000 shares during the last quarter. Institutional investors own 56.49% of the company’s stock.
ModusLink Global Solutions, Inc (MLNK) traded up 0.62% on Wednesday, reaching $1.62. 4,391 shares of the company traded hands. ModusLink Global Solutions, Inc has a 52-week low of $1.26 and a 52-week high of $2.08. The firm has a 50 day moving average price of $1.61 and a 200 day moving average price of $1.63. The stock’s market capitalization is $89.51 million.
ModusLink Global Solutions (NASDAQ:MLNK) last posted its quarterly earnings results on Monday, June 5th. The technology company reported ($0.09) EPS for the quarter. ModusLink Global Solutions had a negative return on equity of 47.50% and a negative net margin of 8.26%. The business had revenue of $97.95 million for the quarter.
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Separately, Robert W. Baird lowered shares of ModusLink Global Solutions from an “outperform” rating to a “neutral” rating and cut their price target for the company from $25.00 to $8.00 in a report on Thursday, June 8th.
About ModusLink Global Solutions
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 in the consumer electronics, communications, computing, software, storage and retail industries. The Company operates through four segments: Americas, Asia, Europe and e-business.
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