Interlink Electronics (NASDAQ:LINK) Announces Earnings Results

Interlink Electronics (NASDAQ:LINK) announced its earnings results on Thursday. The technology company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.01), FiscalAI reports. The business had revenue of $2.85 million for the quarter, compared to analysts’ expectations of $3.20 million. Interlink Electronics had a negative net margin of 14.70% and a negative return on equity of 17.82%.

Interlink Electronics Stock Performance

Shares of LINK opened at $3.00 on Friday. The business has a 50-day moving average of $3.31 and a 200 day moving average of $4.63. Interlink Electronics has a fifty-two week low of $2.76 and a fifty-two week high of $10.10. The firm has a market cap of $47.25 million and a P/E ratio of -150.00.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on LINK shares. Wall Street Zen upgraded shares of Interlink Electronics from a “hold” rating to a “buy” rating in a report on Friday, November 28th. Weiss Ratings reissued a “sell (d-)” rating on shares of Interlink Electronics in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Interlink Electronics currently has an average rating of “Hold” and an average target price of $8.67.

Hedge Funds Weigh In On Interlink Electronics

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. CreativeOne Wealth LLC purchased a new position in shares of Interlink Electronics in the third quarter worth about $510,000. Wexford Capital LP bought a new stake in shares of Interlink Electronics in the third quarter valued at approximately $38,000. Geode Capital Management LLC lifted its stake in shares of Interlink Electronics by 65.7% during the 4th quarter. Geode Capital Management LLC now owns 47,818 shares of the technology company’s stock valued at $186,000 after buying an additional 18,962 shares in the last quarter. 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 valued at $364,000 after buying an additional 57,974 shares in the last quarter. Finally, State Street Corp bought a new position in Interlink Electronics in the 4th quarter worth approximately $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.