Interlink Electronics (NASDAQ:LINK) Releases Earnings Results, Beats Expectations By $0.05 EPS

Key Points

• Interlink Electronics reported quarterly EPS of $0.02, beating the consensus estimate of a $0.03 loss by $0.05. Despite the earnings beat, the company posted a negative 10.41% net margin and negative 13.62% return on equity.
• Shares fell 4.1% to $5.46 during Thursday trading, with the stock trading at a negative P/E ratio of 68.19 and well below its 52-week high of $10.10.
• Analyst sentiment remains mixed, with one Buy and one Sell rating producing a consensus “Hold” rating and an average price target of $8.67; Weiss Ratings separately downgraded the stock to “sell (e+).”

Interlink Electronics (NASDAQ:LINK - Get Free Report) released its quarterly earnings data on Thursday. The technology company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.05, Zacks reports. Interlink Electronics had a negative return on equity of 13.62% and a negative net margin of 10.41%.

Interlink Electronics Stock Down 4.1%

Shares of LINK stock traded down $0.23 during trading hours on Thursday, reaching $5.46. 11,341 shares of the stock traded hands, compared to its average volume of 60,077. The firm has a market capitalization of $85.92 million and a PE ratio of -68.19. Interlink Electronics has a 1-year low of $2.66 and a 1-year high of $10.10. The business has a fifty day moving average price of $4.49 and a 200 day moving average price of $3.82.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded Interlink Electronics from a "sell (d-)" rating to a "sell (e+)" rating in a report on Thursday, June 11th. 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.com, Interlink Electronics presently has a consensus rating of "Hold" and an average price target of $8.67.

Hedge Funds Weigh In On Interlink Electronics

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Renaissance Technologies LLC boosted its position in shares of Interlink Electronics by 162.0% in the fourth quarter. Renaissance Technologies LLC now owns 93,770 shares of the technology company's stock worth $364,000 after buying an additional 57,974 shares during the period. CreativeOne Wealth LLC acquired a new position in Interlink Electronics during the third quarter valued at $510,000. IHT Wealth Management LLC lifted its stake in Interlink Electronics by 65.7% in the 4th quarter. IHT Wealth Management LLC now owns 46,741 shares of the technology company's stock worth $181,000 after acquiring an additional 18,527 shares in the last quarter. Equitable Holdings Inc. acquired a new stake in Interlink Electronics during the 4th quarter worth about $42,000. Finally, State Street Corp acquired a new stake in Interlink Electronics during the 4th quarter worth about $49,000.

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.

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