Interlink Electronics (NASDAQ:LINK) Posts Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Interlink Electronics (NASDAQ:LINK) released its earnings results on Thursday. The technology company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.01, Zacks reports. Interlink Electronics had a negative return on equity of 18.09% and a negative net margin of 14.70%.The business had revenue of $3.07 million for the quarter, compared to the consensus estimate of $3.30 million.

Interlink Electronics Price Performance

Shares of NASDAQ:LINK traded up $0.05 during midday trading on Thursday, hitting $3.63. The company had a trading volume of 35,225 shares, compared to its average volume of 78,770. Interlink Electronics has a twelve month low of $2.66 and a twelve month high of $10.10. The stock has a market cap of $57.14 million and a price-to-earnings ratio of -60.47. The business’s 50-day simple moving average is $3.11 and its 200-day simple moving average is $3.69.

Institutional Investors Weigh In On Interlink Electronics

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. XTX Topco Ltd acquired a new stake in Interlink Electronics during the fourth quarter worth $40,000. IHT Wealth Management LLC increased its stake in Interlink Electronics by 65.7% during the fourth quarter. IHT Wealth Management LLC now owns 46,741 shares of the technology company’s stock worth $181,000 after acquiring an additional 18,527 shares during the last quarter. Equitable Holdings Inc. acquired a new stake in Interlink Electronics during the fourth quarter worth $42,000. State Street Corp acquired a new stake in Interlink Electronics during the fourth quarter worth $49,000. Finally, Renaissance Technologies LLC increased its stake in Interlink Electronics by 162.0% during the fourth quarter. Renaissance Technologies LLC now owns 93,770 shares of the technology company’s stock worth $364,000 after acquiring an additional 57,974 shares during the last quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut Interlink Electronics from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $8.67.

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.