Link Motion (LKM) Shares Down 1.3%
Link Motion Inc (NYSE:LKM)’s share price was down 1.3% on Thursday . The stock traded as low as $0.32 and last traded at $0.35. Approximately 5,100 shares traded hands during trading, a decline of 99% from the average daily volume of 730,687 shares. The stock had previously closed at $0.35.
The stock has a market capitalization of $34.64 million, a price-to-earnings ratio of 0.27 and a beta of 0.88.
Several institutional investors have recently bought and sold shares of the company. Hartwell J M Limited Partnership purchased a new position in shares of Link Motion during the 2nd quarter valued at $301,000. Guggenheim Capital LLC purchased a new position in shares of Link Motion during the 1st quarter valued at $530,000. Dimensional Fund Advisors LP purchased a new position in shares of Link Motion during the 1st quarter valued at $1,816,000. California Public Employees Retirement System purchased a new position in shares of Link Motion during the 1st quarter valued at $246,000. Finally, BlackRock Inc. acquired a new stake in shares of Link Motion in the 1st quarter valued at $2,632,000. Institutional investors and hedge funds own 3.84% of the company’s stock.
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Link Motion Inc operates as a smart car and smart ride company in the People's Republic of China and internationally. Its offerings include enabling technology solutions and secure connected carputers for the ecosystem of car businesses; and consumer ride sharing services, as well as mobile security, productivity, and other related applications.
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