Linkers Industries (NASDAQ:LNKS) Major Shareholder Financial Lp Hrt Purchases 32,502 Shares

Linkers Industries Limited (NASDAQ:LNKS) major shareholder Financial Lp Hrt acquired 32,502 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The stock was purchased at an average price of $2.34 per share, with a total value of $76,054.68. Following the completion of the acquisition, the insider directly owned 159,782 shares in the company, valued at approximately $373,889.88. This represents a 25.54% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Major 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 Wednesday, June 24th, Financial Lp Hrt acquired 2,403 shares of Linkers Industries stock. The stock was acquired at an average price of $2.32 per share, with a total value of $5,574.96.

Linkers Industries Price Performance

NASDAQ LNKS opened at $2.04 on Friday. The company has a 50-day simple moving average of $1.72 and a two-hundred day simple moving average of $95.44. Linkers Industries Limited has a 12-month low of $1.14 and a 12-month high of $420.00. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.53 and a current ratio of 4.69.

Linkers Industries (NASDAQ:LNKS) last released its earnings results on Wednesday, April 29th. The company reported ($6.54) earnings per share for the quarter. The firm had revenue of $1.35 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded shares of Linkers Industries from a “strong sell” rating to a “sell” rating in a report on Saturday, May 30th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

Linkers Industries Company Profile

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.