Linkers Industries (NASDAQ:LNKS) Major Shareholder Financial Lp Hrt Sells 9,299 Shares of Stock

Linkers Industries Limited (NASDAQ:LNKS) major shareholder Financial Lp Hrt sold 9,299 shares of the firm’s stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $1.60, for a total value of $14,878.40. Following the completion of the transaction, the insider directly owned 161,953 shares of the company’s stock, valued at approximately $259,124.80. This trade represents a 5.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Financial Lp Hrt also recently made the following trade(s):

• On Monday, July 6th, Financial Lp Hrt sold 135 shares of Linkers Industries stock. The stock was sold at an average price of $1.60, for a total value of $216.00.
• On Wednesday, July 1st, Financial Lp Hrt bought 392 shares of Linkers Industries stock. The stock was purchased at an average price of $1.63 per share, for a total transaction of $638.96.
• On Tuesday, June 30th, Financial Lp Hrt sold 5,249 shares of Linkers Industries stock. The shares were sold at an average price of $1.67, for a total transaction of $8,765.83.
• On Monday, June 29th, Financial Lp Hrt bought 3,887 shares of Linkers Industries stock. The stock was purchased at an average price of $1.80 per share, with a total value of $6,996.60.
• On Friday, June 26th, Financial Lp Hrt bought 2,938 shares of Linkers Industries stock. The stock was acquired at an average cost of $1.98 per share, for a total transaction of $5,817.24.
• On Thursday, June 25th, Financial Lp Hrt purchased 7,029 shares of Linkers Industries stock. The stock was acquired at an average cost of $2.06 per share, with a total value of $14,479.74.
• On Wednesday, June 24th, Financial Lp Hrt purchased 2,403 shares of Linkers Industries stock. The shares were bought at an average cost of $2.32 per share, for a total transaction of $5,574.96.
• On Tuesday, June 23rd, Financial Lp Hrt purchased 32,502 shares of Linkers Industries stock. The shares were purchased at an average cost of $2.34 per share, for a total transaction of $76,054.68.

Linkers Industries Stock Performance

Shares of Linkers Industries stock traded down $0.20 on Tuesday, hitting $1.42. 113,880 shares of the company’s stock traded hands, compared to its average volume of 1,477,825. Linkers Industries Limited has a one year low of $1.14 and a one year high of $420.00. The firm’s 50-day moving average price is $1.69 and its two-hundred day moving average price is $91.33. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.53 and a current ratio of 4.69.

Linkers Industries (NASDAQ:LNKS) last announced its quarterly earnings results on Wednesday, April 29th. The company reported ($6.54) earnings per share (EPS) for the quarter. The business had revenue of $1.35 million during the quarter.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Linkers Industries from a “strong sell” rating to a “sell” rating in a research note on Sunday, June 28th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Linkers Industries has a consensus rating of “Sell”.

Linkers Industries Company Profile

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.