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

Interlink Electronics (NASDAQ:LINK) released its quarterly earnings results on Thursday. The technology company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.05, Zacks reports. Interlink Electronics had a negative net margin of 10.41% and a negative return on equity of 13.62%.

Interlink Electronics Stock Down 4.1%

LINK stock traded down $0.23 during mid-day trading on Thursday, reaching $5.46. 11,341 shares of the stock traded hands, compared to its average volume of 60,077. Interlink Electronics has a 52 week low of $2.66 and a 52 week high of $10.10. The business has a 50-day moving average of $4.49 and a two-hundred day moving average of $3.82. The firm has a market capitalization of $85.92 million and a PE ratio of -68.19.

Analyst Ratings Changes

Separately, Weiss Ratings lowered 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 given a Sell rating to the company. According to MarketBeat, Interlink Electronics presently has an average rating of “Hold” and an average price target of $8.67.

Institutional Trading of Interlink Electronics

Hedge funds have recently added to or reduced their stakes in the business. Renaissance Technologies LLC grew its holdings in Interlink Electronics by 162.0% in 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 during the last quarter. CreativeOne Wealth LLC acquired a new position in shares of Interlink Electronics during the third quarter worth approximately $510,000. IHT Wealth Management LLC boosted its position in shares of Interlink Electronics by 65.7% in the fourth quarter. IHT Wealth Management LLC now owns 46,741 shares of the technology company’s stock valued at $181,000 after acquiring an additional 18,527 shares during the period. Equitable Holdings Inc. bought a new stake in shares of Interlink Electronics in the fourth quarter valued at approximately $42,000. Finally, State Street Corp acquired a new stake in shares of Interlink Electronics in the fourth quarter worth $49,000.

About Interlink Electronics

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.