Linkers Industries (NASDAQ:LNKS) Stock Falls 4.1% – Should You Sell?

Shares of Linkers Industries Limited (NASDAQ:LNKS) dropped 4.1% on Wednesday. The stock traded as low as $0.8046 and last traded at $0.8828. 62,479 shares were traded during mid-day trading, an increase of 289% from the average daily volume of 16,052 shares. The stock had previously closed at $0.9202.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Wall Street Zen upgraded Linkers Industries from a “strong sell” rating to a “sell” rating in a research report on Sunday, June 28th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Linkers Industries in a report on Friday, October 2nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Linkers Industries Stock Performance

The company’s 50 day moving average is $0.97 and its 200-day moving average is $1.78.

Linkers Industries (NASDAQ:LNKS) last posted its quarterly earnings results on Thursday, October 8th. The company reported $4.84 earnings per share for the quarter. The company had revenue of $1.41 million during the quarter.

About Linkers Industries

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.