Interlink Electronics (NASDAQ:LINK) Posts Earnings Results, Beats Estimates By $0.05 EPS

Interlink Electronics (NASDAQ:LINK) posted its quarterly earnings data on Thursday. The technology company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.05, Zacks reports. The company had revenue of $3.77 million for the quarter, compared to the consensus estimate of $3.10 million. Interlink Electronics had a negative net margin of 10.41% and a negative return on equity of 13.62%.

Interlink Electronics Stock Performance

NASDAQ:LINK opened at $5.57 on Friday. The stock has a 50-day simple moving average of $4.50 and a two-hundred day simple moving average of $3.83. Interlink Electronics has a 52-week low of $2.66 and a 52-week high of $10.10. The firm has a market capitalization of $87.73 million and a PE ratio of -69.62.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut 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 company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $8.67.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Wexford Capital LP bought a new position in shares of Interlink Electronics during the 3rd quarter valued at approximately $38,000. XTX Topco Ltd bought a new stake in Interlink Electronics during the 4th quarter worth approximately $40,000. Equitable Holdings Inc. bought a new stake in Interlink Electronics during the 4th quarter worth approximately $42,000. State Street Corp purchased a new position in Interlink Electronics during the fourth quarter valued at approximately $49,000. Finally, CreativeOne Wealth LLC purchased a new position in Interlink Electronics during the third quarter valued at approximately $510,000.

About Interlink Electronics

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.