Link Motion (LKM) Trading Down 36.1%

Shares of Link Motion Inc (NYSE:LKM) were down 36.1% on Wednesday . The company traded as low as $1.40 and last traded at $0.78. Approximately 158,919 shares were traded during mid-day trading, a decline of 80% from the average daily volume of 778,311 shares. The stock had previously closed at $1.22.

The company has a market cap of $137.78 million, a price-to-earnings ratio of 1.09 and a beta of 1.51. The company has a current ratio of 1.65, a quick ratio of 1.64 and a debt-to-equity ratio of 0.56.

Link Motion (NYSE:LKM) last posted its earnings results on Tuesday, April 10th. The software maker reported $1.19 earnings per share for the quarter. The business had revenue of $13.43 million for the quarter. Link Motion had a negative net margin of 9.15% and a positive return on equity of 29.16%.

A number of hedge funds and other institutional investors have recently bought and sold shares of LKM. Penserra Capital Management LLC bought a new stake in Link Motion in the first quarter valued at about $384,000. Northern Trust Corp bought a new stake in Link Motion during the first quarter worth about $155,000. BlackRock Inc. bought a new stake in Link Motion during the first quarter worth about $2,632,000. California Public Employees Retirement System bought a new stake in Link Motion during the first quarter worth about $246,000. Finally, Dimensional Fund Advisors LP bought a new stake in Link Motion during the first quarter worth about $1,816,000. 9.56% of the stock is currently owned by institutional investors and hedge funds.

About Link Motion

Link Motion Inc operates as a smart car and smart ride company in the People's Republic of China and internationally. Its offerings include enabling technology solutions and secure connected carputers for the ecosystem of car businesses; and consumer ride sharing services, as well as mobile security, productivity, and other related applications.

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