Financial Lp Hrt Acquires 32,502 Shares of Linkers Industries (NASDAQ:LNKS) Stock

Linkers Industries Limited (NASDAQ:LNKS) major shareholder Financial Lp Hrt purchased 32,502 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The shares were purchased at an average price of $2.34 per share, for a total transaction of $76,054.68. Following the completion of the purchase, the insider directly owned 159,782 shares of the company’s stock, valued at approximately $373,889.88. This trade represents a 25.54% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Financial Lp Hrt also recently made the following trade(s):

• On Wednesday, June 24th, Financial Lp Hrt acquired 2,403 shares of Linkers Industries stock. The shares were purchased at an average cost of $2.32 per share, for a total transaction of $5,574.96.

Linkers Industries Price Performance

Shares of LNKS traded down $0.18 on Thursday, reaching $2.03. 159,042 shares of the stock traded hands, compared to its average volume of 1,558,270. The stock’s 50-day moving average price is $1.72 and its 200-day moving average price is $96.02. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.53 and a current ratio of 4.69. Linkers Industries Limited has a 12 month low of $1.14 and a 12 month high of $420.00.

Linkers Industries (NASDAQ:LNKS) last posted its quarterly earnings results on Wednesday, April 29th. The company reported ($6.54) earnings per share for the quarter. The business had revenue of $1.35 million for the quarter.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Linkers Industries from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 30th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Linkers Industries currently has a consensus rating of “Sell”.

Linkers Industries Company Profile

Linkers Industries Ltd. is a holding company, which engages in the business of manufacturing, supplying, and selling connectors, assemblies, wire, and cable harnesses. It operates through the following geographical segments: Thailand, Malaysia, Switzerland, the United States of America, and Others. The company was founded on December 8, 2022 and is headquartered in Sungai Petani, Malaysia.