Interlink Electronics (NASDAQ:LINK) Trading 11.1% Higher – Here’s Why

Interlink Electronics, Inc. (NASDAQ:LINK)’s share price traded up 11.1% during trading on Monday . The stock traded as high as $4.18 and last traded at $4.01. 218,431 shares traded hands during mid-day trading, an increase of 448% from the average session volume of 39,889 shares. The stock had previously closed at $3.61.

Analyst Ratings Changes

A number of research firms have weighed in on LINK. Weiss Ratings restated a “sell (d-)” rating on shares of Interlink Electronics in a research report on Wednesday, October 8th. Wall Street Zen raised Interlink Electronics from a “hold” rating to a “buy” rating in a research note on Friday, November 28th. Finally, Lake Street Capital increased their price target on shares of Interlink Electronics from $6.67 to $8.67 and gave the company a “buy” rating in a research note on Tuesday, September 9th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $8.67.

Interlink Electronics Trading Up 11.1%

The business’s fifty day moving average price is $4.83 and its 200 day moving average price is $5.26. The firm has a market capitalization of $63.16 million and a price-to-earnings ratio of -200.50.

Interlink Electronics (NASDAQ:LINK) last posted its quarterly earnings data on Wednesday, November 12th. The technology company reported ($0.03) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.03). The firm had revenue of $2.96 million for the quarter, compared to analyst estimates of $3.10 million. Interlink Electronics had a negative net margin of 12.93% and a negative return on equity of 15.57%.

Institutional Investors Weigh In On Interlink Electronics

A number of large investors have recently bought and sold shares of LINK. Bartlett & CO. Wealth Management LLC acquired a new stake in shares of Interlink Electronics during the 3rd quarter worth about $61,000. CreativeOne Wealth LLC purchased a new stake in shares of Interlink Electronics during the 3rd quarter valued at $510,000. Finally, Wexford Capital LP acquired a new stake in Interlink Electronics during the third quarter worth about $38,000.

Interlink Electronics Company Profile

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.