Financial Lp Hrt Sells 9,299 Shares of Linkers Industries (NASDAQ:LNKS) Stock

Linkers Industries Limited (NASDAQ:LNKS) major shareholder Financial Lp Hrt sold 9,299 shares of the company’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $1.60, for a total transaction of $14,878.40. Following the completion of the sale, the insider directly owned 161,953 shares in the company, valued at approximately $259,124.80. The trade was a 5.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Financial Lp Hrt also recently made the following trade(s):

• On Monday, July 6th, Financial Lp Hrt sold 135 shares of Linkers Industries stock. The shares were sold at an average price of $1.60, for a total transaction of $216.00.
• On Wednesday, July 1st, Financial Lp Hrt purchased 392 shares of Linkers Industries stock. The stock was purchased at an average price of $1.63 per share, for a total transaction of $638.96.
• On Tuesday, June 30th, Financial Lp Hrt sold 5,249 shares of Linkers Industries stock. The shares were sold at an average price of $1.67, for a total transaction of $8,765.83.
• On Monday, June 29th, Financial Lp Hrt acquired 3,887 shares of Linkers Industries stock. The shares were purchased at an average cost of $1.80 per share, with a total value of $6,996.60.
• On Friday, June 26th, Financial Lp Hrt bought 2,938 shares of Linkers Industries stock. The stock was purchased at an average price of $1.98 per share, with a total value of $5,817.24.
• On Thursday, June 25th, Financial Lp Hrt bought 7,029 shares of Linkers Industries stock. The stock was acquired at an average cost of $2.06 per share, for a total transaction of $14,479.74.
• On Wednesday, June 24th, Financial Lp Hrt purchased 2,403 shares of Linkers Industries stock. The shares were acquired at an average price of $2.32 per share, for a total transaction of $5,574.96.
• On Tuesday, June 23rd, Financial Lp Hrt purchased 32,502 shares of Linkers Industries stock. The shares were acquired at an average cost of $2.34 per share, with a total value of $76,054.68.

Linkers Industries Trading Up 1.4%

Shares of LNKS opened at $1.44 on Thursday. The stock has a fifty day moving average price of $1.68 and a two-hundred day moving average price of $90.26. The company has a current ratio of 4.69, a quick ratio of 3.53 and a debt-to-equity ratio of 0.02. Linkers Industries Limited has a 52-week low of $1.14 and a 52-week high of $420.00.

Linkers Industries (NASDAQ:LNKS) last posted its quarterly earnings data on Wednesday, April 29th. The company reported ($6.54) EPS for the quarter. The business had revenue of $1.35 million during the quarter.

Analyst Ratings Changes

Several equities research analysts have weighed in on LNKS shares. Wall Street Zen upgraded shares of Linkers Industries from a “strong sell” rating to a “sell” rating in a research report on Sunday, June 28th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Linkers Industries in a research report on Monday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Linkers Industries currently has a consensus rating of “Sell”.

About Linkers Industries

Linkers Industries Ltd. is a holding company, which engages in the business of manufacturing, supplying, and selling connectors, assemblies, wire, and cable harnesses. It operates through the following geographical segments: Thailand, Malaysia, Switzerland, the United States of America, and Others. The company was founded on December 8, 2022 and is headquartered in Sungai Petani, Malaysia.