Interlink Electronics (NASDAQ:LINK) Posts Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Interlink Electronics (NASDAQ:LINK) released its quarterly earnings data on Thursday. The technology company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01), FiscalAI reports. Interlink Electronics had a negative return on equity of 15.57% and a negative net margin of 12.93%.The business had revenue of $2.85 million during the quarter, compared to the consensus estimate of $3.20 million.

Interlink Electronics Stock Performance

Shares of LINK traded down $0.08 during midday trading on Thursday, hitting $3.03. 12,282 shares of the company traded hands, compared to its average volume of 28,701. The stock has a market cap of $47.72 million and a price-to-earnings ratio of -151.50. The firm has a 50 day moving average of $3.35 and a 200-day moving average of $4.66. Interlink Electronics has a 52 week low of $2.76 and a 52 week high of $10.10.

Wall Street Analyst Weigh In

LINK has been the topic of a number of research analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Interlink Electronics in a report on Thursday, January 22nd. Wall Street Zen upgraded shares of Interlink Electronics from a “hold” rating to a “buy” rating in a research report on Friday, November 28th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $8.67.

Institutional Investors Weigh In On Interlink Electronics

A number of hedge funds have recently made changes to their positions in the company. Wexford Capital LP bought a new position in shares of Interlink Electronics during the 3rd quarter valued at approximately $38,000. XTX Topco Ltd bought a new stake in Interlink Electronics in the fourth quarter worth $40,000. Equitable Holdings Inc. purchased a new position in Interlink Electronics during the fourth quarter worth $42,000. State Street Corp purchased a new position in Interlink Electronics during the fourth quarter worth $49,000. Finally, IHT Wealth Management LLC increased its position in Interlink Electronics by 65.7% during the fourth quarter. IHT Wealth Management LLC now owns 46,741 shares of the technology company’s stock valued at $181,000 after acquiring an additional 18,527 shares during the last quarter.

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.