Interlink Electronics (NASDAQ:LINK) Announces Earnings Results

Interlink Electronics (NASDAQ:LINK) announced its earnings results on Thursday. The technology company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $3.07 million for the quarter, compared to analysts’ expectations of $3.30 million.

Interlink Electronics Stock Up 3.4%

Shares of Interlink Electronics stock opened at $3.70 on Friday. Interlink Electronics has a fifty-two week low of $2.66 and a fifty-two week high of $10.10. The firm has a market cap of $58.28 million and a PE ratio of -61.67. The business’s fifty day moving average is $3.12 and its two-hundred day moving average is $3.67.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Wexford Capital LP purchased a new position in shares of Interlink Electronics during the 3rd quarter worth $38,000. XTX Topco Ltd purchased a new position in shares of Interlink Electronics in the 4th quarter worth $40,000. Equitable Holdings Inc. purchased a new position in shares of Interlink Electronics in the 4th quarter worth $42,000. State Street Corp purchased a new position in shares of Interlink Electronics in the 4th quarter worth $49,000. Finally, IHT Wealth Management LLC raised its position in shares of Interlink Electronics by 65.7% in the 4th quarter. IHT Wealth Management LLC now owns 46,741 shares of the technology company’s stock worth $181,000 after buying an additional 18,527 shares during the period.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered Interlink Electronics from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target 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.