Interlink Electronics (NASDAQ:LINK) Shares Cross Below 50 Day Moving Average – Here’s Why

Shares of Interlink Electronics, Inc. (NASDAQ:LINK) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $4.43 and traded as low as $4.38. Interlink Electronics shares last traded at $4.65, with a volume of 29,697 shares changing hands.

Wall Street Analyst Weigh In

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

Interlink Electronics Stock Down 0.2%

The company has a market capitalization of $73.24 million and a price-to-earnings ratio of -58.12. The stock has a 50 day simple moving average of $4.43 and a 200 day simple moving average of $3.71.

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

Institutional Investors Weigh In On Interlink Electronics

Several large investors have recently added to or reduced their stakes in LINK. Wexford Capital LP acquired a new position in shares of Interlink Electronics during the third quarter valued at $38,000. XTX Topco Ltd acquired a new stake in shares of Interlink Electronics in the 4th quarter worth about $40,000. Equitable Holdings Inc. bought a new stake in Interlink Electronics in the 4th quarter valued at about $42,000. State Street Corp bought a new stake in Interlink Electronics in the 4th quarter valued at about $49,000. Finally, Sequoia Financial Advisors LLC boosted its stake in Interlink Electronics by 50.0% during the 4th quarter. Sequoia Financial Advisors LLC now owns 42,675 shares of the technology company’s stock valued at $166,000 after purchasing an additional 14,225 shares during the period.

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.