Linkers Industries (NASDAQ:LNKS) Major Shareholder Financial Lp Hrt Sells 9,299 Shares

Linkers Industries Limited (NASDAQ:LNKS) major shareholder Financial Lp Hrt sold 9,299 shares of the business’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $1.60, for a total value of $14,878.40. Following the sale, the insider owned 161,953 shares of the company’s stock, valued at $259,124.80. The trade was a 5.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Financial Lp Hrt also recently made the following trade(s):

• On Monday, July 6th, Financial Lp Hrt sold 135 shares of Linkers Industries stock. The shares were sold at an average price of $1.60, for a total value of $216.00.
• On Wednesday, July 1st, Financial Lp Hrt acquired 392 shares of Linkers Industries stock. The stock was purchased at an average price of $1.63 per share, for a total transaction of $638.96.
• On Tuesday, June 30th, Financial Lp Hrt sold 5,249 shares of Linkers Industries stock. The stock was sold at an average price of $1.67, for a total transaction of $8,765.83.
• On Monday, June 29th, Financial Lp Hrt bought 3,887 shares of Linkers Industries stock. The shares were acquired at an average cost of $1.80 per share, with a total value of $6,996.60.
• On Friday, June 26th, Financial Lp Hrt bought 2,938 shares of Linkers Industries stock. The stock was acquired at an average price of $1.98 per share, with a total value of $5,817.24.
• On Thursday, June 25th, Financial Lp Hrt purchased 7,029 shares of Linkers Industries stock. The stock was acquired at an average cost of $2.06 per share, for a total transaction of $14,479.74.
• On Wednesday, June 24th, Financial Lp Hrt purchased 2,403 shares of Linkers Industries stock. The shares were acquired at an average price of $2.32 per share, for a total transaction of $5,574.96.
• On Tuesday, June 23rd, Financial Lp Hrt acquired 32,502 shares of Linkers Industries stock. The shares were acquired at an average cost of $2.34 per share, with a total value of $76,054.68.

Linkers Industries Trading Down 12.3%

Shares of NASDAQ LNKS opened at $1.42 on Wednesday. The company has a quick ratio of 3.53, a current ratio of 4.69 and a debt-to-equity ratio of 0.02. Linkers Industries Limited has a 12-month low of $1.14 and a 12-month high of $420.00. The company has a 50-day moving average of $1.68 and a 200 day moving average of $90.81.

Linkers Industries (NASDAQ:LNKS) last issued 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

Several brokerages have issued reports on LNKS. Weiss Ratings restated a “sell (e+)” rating on shares of Linkers Industries in a report on Monday. Wall Street Zen upgraded Linkers Industries from a “strong sell” rating to a “sell” rating in a report on Sunday, June 28th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Linkers Industries has an average 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.