Linkers Industries (NASDAQ:LNKS) Major Shareholder Financial Lp Hrt Acquires 7,029 Shares

Linkers Industries Limited (NASDAQ:LNKS) major shareholder Financial Lp Hrt acquired 7,029 shares of Linkers Industries stock in a transaction that occurred on Thursday, June 25th. The stock was acquired at an average cost of $2.06 per share, for a total transaction of $14,479.74. Following the purchase, the insider owned 169,214 shares of the company’s stock, valued at $348,580.84. The trade was a 4.33% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own at least 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 Friday, June 26th, Financial Lp Hrt acquired 2,938 shares of Linkers Industries stock. The stock was bought at an average price of $1.98 per share, with a total value of $5,817.24.
• On Wednesday, June 24th, Financial Lp Hrt bought 2,403 shares of Linkers Industries stock. The shares were bought at an average cost of $2.32 per share, with a total value of $5,574.96.
• On Tuesday, June 23rd, Financial Lp Hrt bought 32,502 shares of Linkers Industries stock. The shares were bought at an average cost of $2.34 per share, for a total transaction of $76,054.68.

Linkers Industries Stock Performance

Shares of NASDAQ LNKS traded down $0.15 during trading on Monday, reaching $1.73. The company had a trading volume of 115,113 shares, compared to its average volume of 1,534,757. The company’s fifty day moving average price is $1.72 and its 200-day moving average price is $94.82. Linkers Industries Limited has a 12 month low of $1.14 and a 12 month high of $420.00. 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 (NASDAQ:LNKS) last issued its quarterly earnings data on Wednesday, April 29th. The company reported ($6.54) earnings per share (EPS) for the quarter. The firm had revenue of $1.35 million during the quarter.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Linkers Industries from a “strong sell” rating to a “sell” rating in a research report on Sunday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock 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.