Linkers Industries (NASDAQ:LNKS) Stock Price Down 8.1% – Should You Sell?

Linkers Industries Limited (NASDAQ:LNKS)’s stock price was down 8.1% during trading on Thursday . The company traded as low as $0.3401 and last traded at $0.3401. Approximately 3,356 shares traded hands during mid-day trading, a decline of 93% from the average daily volume of 50,931 shares. The stock had previously closed at $0.37.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Linkers Industries in a report on Monday, December 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Linkers Industries Stock Performance

The firm’s 50-day moving average price is $0.43 and its 200-day moving average price is $0.50. The company has a current ratio of 4.72, a quick ratio of 3.74 and a debt-to-equity ratio of 0.02.

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.