Interlink Electronics (NASDAQ:LINK) Stock Price Passes Below Fifty Day Moving Average – Here’s What Happened

Shares of Interlink Electronics, Inc. (NASDAQ:LINK) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $3.70 and traded as low as $2.77. Interlink Electronics shares last traded at $3.12, with a volume of 42,185 shares trading hands.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on LINK. Wall Street Zen raised shares of Interlink Electronics from a “hold” rating to a “buy” rating in a report on Friday, November 28th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Interlink Electronics in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $8.67.

Interlink Electronics Stock Up 1.6%

The business’s 50-day simple moving average is $3.70 and its two-hundred day simple moving average is $5.10. The firm has a market cap of $49.94 million and a price-to-earnings ratio of -158.65.

Interlink Electronics (NASDAQ:LINK) last announced its quarterly earnings results on Wednesday, November 12th. The technology company reported ($0.03) earnings per share for the quarter, meeting the consensus estimate of ($0.03). The firm had revenue of $2.96 million during the quarter, compared to analyst estimates of $3.10 million. Interlink Electronics had a negative return on equity of 15.57% and a negative net margin of 12.93%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wexford Capital LP purchased a new position in Interlink Electronics in the 3rd quarter worth approximately $38,000. Bartlett & CO. Wealth Management LLC acquired a new stake in shares of Interlink Electronics in the third quarter valued at approximately $61,000. Sequoia Financial Advisors LLC lifted its position in Interlink Electronics by 50.0% during the fourth quarter. Sequoia Financial Advisors LLC now owns 42,675 shares of the technology company’s stock worth $166,000 after buying an additional 14,225 shares in the last quarter. Finally, CreativeOne Wealth LLC purchased a new position in Interlink Electronics during the third quarter worth approximately $510,000.

About Interlink Electronics

Interlink Electronics, Inc is a California-based company specializing in the design, development and manufacture of human interface technologies. The company’s core focus is on force-sensing and touch-sensitive solutions that enable intuitive control and feedback in electronic devices. Interlink holds proprietary intellectual property in the field of force-sensing resistors (FSRs) and related sensor technologies, giving it a distinct position in the market for tactile input components.

Interlink’s product portfolio includes thin-film force-sensing resistors, membrane keypads, touchpads and programmable touch-feedback modules.