Linkers Industries (NASDAQ:LNKS) Major Shareholder Buys $14,479.74 in Stock

Linkers Industries Limited (NASDAQ:LNKS) major shareholder Financial Lp Hrt bought 7,029 shares of the firm’s stock in a transaction on Thursday, June 25th. The stock was acquired at an average cost of $2.06 per share, with a total value of $14,479.74. Following the completion of the purchase, the insider owned 169,214 shares of the company’s stock, valued at approximately $348,580.84. This trade represents a 4.33% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

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

• On Tuesday, June 30th, Financial Lp Hrt sold 5,249 shares of Linkers Industries stock. The stock was sold at an average price of $1.67, for a total value of $8,765.83.
• On Monday, June 29th, Financial Lp Hrt acquired 3,887 shares of Linkers Industries stock. The shares were acquired at an average price of $1.80 per share, for a total transaction of $6,996.60.
• On Friday, June 26th, Financial Lp Hrt acquired 2,938 shares of Linkers Industries stock. The stock was acquired at an average price of $1.98 per share, with a total value of $5,817.24.
• On Wednesday, June 24th, Financial Lp Hrt acquired 2,403 shares of Linkers Industries stock. The stock was acquired at an average price of $2.32 per share, with a total value of $5,574.96.
• On Tuesday, June 23rd, Financial Lp Hrt bought 32,502 shares of Linkers Industries stock. The shares were acquired at an average cost of $2.34 per share, with a total value of $76,054.68.

Linkers Industries Price Performance

Shares of LNKS stock opened at $1.61 on Thursday. 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 52 week low of $1.14 and a 52 week high of $420.00. The company’s 50 day moving average price is $1.70 and its two-hundred day moving average price is $92.99.

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

Analyst Ratings Changes

Separately, Wall Street Zen raised Linkers Industries from a “strong sell” rating to a “sell” rating in a research note on Sunday. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company 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.