Interlink Electronics (NASDAQ:LINK) Share Price Passes Above 50-Day Moving Average - Here's Why

Key Points

• Interlink Electronics shares moved above their 50-day moving average, reaching $4.63 before closing at $4.57, compared with a 50-day average of $4.49.
• Analyst sentiment remains mixed: the stock has an overall “Hold” rating, with one Buy and one Sell recommendation, and an average price target of $8.67. Weiss Ratings separately downgraded the stock from “sell (d-)” to “sell (e+).”
• Interlink beat quarterly EPS expectations, reporting a loss of $0.02 per share versus the projected $0.03 loss, but revenue of $3.07 million fell short of the $3.30 million consensus estimate; the company remains unprofitable.

Interlink Electronics, Inc. (NASDAQ:LINK - Get Free Report) shares crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $4.49 and traded as high as $4.63. Interlink Electronics shares last traded at $4.57, with a volume of 2,889 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut 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 issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $8.67.

Interlink Electronics Trading Up 0.4%

The firm's 50-day moving average price is $4.49 and its two-hundred day moving average price is $3.78. The stock has a market cap of $71.98 million and a PE ratio of -57.12.

Interlink Electronics (NASDAQ:LINK - Get Free Report) last released its quarterly earnings data on Thursday, May 14th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.03) by $0.01. The firm had revenue of $3.07 million for the quarter, compared to the consensus estimate of $3.30 million. Interlink Electronics had a negative net margin of 10.41% and a negative return on equity of 13.62%.

Institutional Trading of Interlink Electronics

Several hedge funds and other institutional investors have recently bought and sold shares of LINK. Renaissance Technologies LLC lifted its stake in shares of Interlink Electronics by 162.0% during the 4th quarter. Renaissance Technologies LLC now owns 93,770 shares of the technology company's stock worth $364,000 after purchasing an additional 57,974 shares during the last quarter. CreativeOne Wealth LLC purchased a new position in Interlink Electronics in the third quarter valued at about $510,000. Geode Capital Management LLC grew its stake in Interlink Electronics by 65.7% in the fourth quarter. Geode Capital Management LLC now owns 47,818 shares of the technology company's stock valued at $186,000 after purchasing an additional 18,962 shares during the last quarter. IHT Wealth Management LLC raised its holdings in Interlink Electronics by 65.7% in the fourth quarter. IHT Wealth Management LLC now owns 46,741 shares of the technology company's stock worth $181,000 after purchasing an additional 18,527 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its holdings in Interlink Electronics by 50.0% in the fourth quarter. Sequoia Financial Advisors LLC now owns 42,675 shares of the technology company's stock worth $166,000 after purchasing an additional 14,225 shares in the last quarter.

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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