Interlink Electronics (NASDAQ:LINK) Shares Scheduled to Split on Wednesday, October 29th

Key Points

• Interlink Electronics' stock is set to undergo a 1.5-for-1 split on October 29th, with shares being distributed to shareholders after the market closes on October 28th.
• Currently, Interlink shares are trading at approximately $10.16, with a market cap of $65.86 million and a PE ratio of 112.89, reflecting volatility with a 52-week high of $15.15 and low of $3.25.
• Recent analyst reports show a mix of ratings, with Weiss Ratings giving a "sell (d-)" rating, while other analysts have raised the stock's target price to $13.00 and issued a "buy" rating.

Interlink Electronics, Inc. (NASDAQ:LINK - Free Report)'s stock is set to split before the market opens on Wednesday, October 29th. The 1.5-1 split was recently announced. The newly issued shares will be issued to shareholders after the market closes on Tuesday, October 28th.

Interlink Electronics Trading Down 9.9%

Shares of NASDAQ:LINK opened at $10.16 on Monday. The company has a market cap of $65.86 million, a PE ratio of 112.89 and a beta of 0.93. The company's 50 day moving average is $9.47 and its two-hundred day moving average is $7.37. Interlink Electronics has a 52 week low of $3.25 and a 52 week high of $15.15.

Wall Street Analyst Weigh In

LINK has been the subject of several research analyst reports. Weiss Ratings restated a "sell (d-)" rating on shares of Interlink Electronics in a report on Wednesday, October 8th. Lake Street Capital raised their target price on shares of Interlink Electronics from $10.00 to $13.00 and gave the stock a "buy" rating in a research note on Tuesday, September 9th. Finally, Wall Street Zen upgraded shares of Interlink Electronics to a "buy" rating in a research note on Saturday, September 13th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $13.00.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Interlink Electronics stock. Bartlett & CO. Wealth Management LLC bought a new position in shares of Interlink Electronics, Inc. (NASDAQ:LINK - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,800 shares of the technology company's stock, valued at approximately $61,000. Bartlett & CO. Wealth Management LLC owned approximately 0.07% of Interlink Electronics at the end of the most recent quarter. 0.44% of the stock is currently owned by hedge funds and other institutional investors.

About Interlink Electronics

Interlink Electronics, Inc, together with its subsidiaries, designs, develops, manufactures, and sells force-sensing technologies that incorporate proprietary materials technology, firmware, and software into sensor-based products and custom sensor system solutions in the United States, Asia, the Middle East, Europe, and internationally.

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