Interlink Electronics (NASDAQ:LINK) Stock Price Passes Above 50-Day Moving Average – Should You Sell?

Shares of Interlink Electronics, Inc. (NASDAQ:LINK) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $4.49 and traded as high as $4.63. Interlink Electronics shares last traded at $4.57, with a volume of 2,889 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded Interlink Electronics from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, June 11th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $8.67.

Interlink Electronics Trading Up 11.6%

The business’s 50 day moving average is $4.48 and its two-hundred day moving average is $3.79. The company has a market cap of $80.33 million and a PE ratio of -63.75.

Interlink Electronics (NASDAQ:LINK) last issued its quarterly earnings results on Thursday, May 14th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01. The business had revenue of $3.07 million during the quarter, compared to analyst estimates of $3.30 million. Interlink Electronics had a negative return on equity of 13.62% and a negative net margin of 10.41%.

Institutional Trading of Interlink Electronics

Several institutional investors and hedge funds have recently added to or reduced their stakes in LINK. Renaissance Technologies LLC boosted its stake in Interlink Electronics by 162.0% in the 4th quarter. Renaissance Technologies LLC now owns 93,770 shares of the technology company’s stock worth $364,000 after purchasing an additional 57,974 shares during the period. Geode Capital Management LLC grew its holdings in Interlink Electronics by 65.7% during 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 in the last quarter. IHT Wealth Management LLC raised its position in shares of 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 buying an additional 18,527 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in shares of Interlink Electronics by 50.0% during the fourth quarter. Sequoia Financial Advisors LLC now owns 42,675 shares of the technology company’s stock valued at $166,000 after buying an additional 14,225 shares during the last quarter. Finally, CreativeOne Wealth LLC purchased a new position in shares of Interlink Electronics in the third quarter worth $510,000.

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.