Interlink Electronics (NASDAQ:LINK) Releases Earnings Results, Beats Estimates By $0.01 EPS

Interlink Electronics (NASDAQ:LINK) announced its earnings results on Thursday. The technology company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01, Zacks reports. Interlink Electronics had a negative return on equity of 18.09% and a negative net margin of 14.70%.

Interlink Electronics Stock Up 0.7%

LINK traded up $0.03 during trading hours on Thursday, reaching $3.61. 34,970 shares of the company’s stock traded hands, compared to its average volume of 78,759. The firm has a 50-day moving average price of $3.11 and a 200 day moving average price of $3.69. Interlink Electronics has a 52-week low of $2.66 and a 52-week high of $10.10. The firm has a market capitalization of $56.78 million and a PE ratio of -60.08.

Analyst Ratings Changes

Separately, Weiss Ratings cut shares of Interlink Electronics from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, April 21st. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $8.67.

Institutional Investors Weigh In On Interlink Electronics

Several large investors have recently added to or reduced their stakes in LINK. Renaissance Technologies LLC boosted its position in Interlink Electronics by 162.0% in the 4th quarter. Renaissance Technologies LLC now owns 93,770 shares of the technology company’s stock valued at $364,000 after buying an additional 57,974 shares during the period. CreativeOne Wealth LLC purchased a new stake in Interlink Electronics in the 3rd quarter valued at about $510,000. Geode Capital Management LLC boosted its position in Interlink Electronics by 65.7% in the 4th quarter. Geode Capital Management LLC now owns 47,818 shares of the technology company’s stock valued at $186,000 after buying an additional 18,962 shares during the period. IHT Wealth Management LLC boosted its position in Interlink Electronics by 65.7% in the 4th quarter. IHT Wealth Management LLC now owns 46,741 shares of the technology company’s stock valued at $181,000 after buying an additional 18,527 shares during the period. Finally, State Street Corp purchased a new stake in shares of Interlink Electronics in the 4th quarter worth $49,000.

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.