Linkers Industries (NASDAQ:LNKS) Major Shareholder Financial Lp Hrt Acquires 7,845 Shares of Stock

Linkers Industries Limited (NASDAQ:LNKS) major shareholder Financial Lp Hrt acquired 7,845 shares of the stock in a transaction on Thursday, July 9th. The shares were purchased at an average price of $1.45 per share, for a total transaction of $11,375.25. Following the transaction, the insider directly owned 147,124 shares in the company, valued at approximately $213,329.80. This trade represents a 5.63% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

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

• On Wednesday, July 8th, Financial Lp Hrt sold 1,480 shares of Linkers Industries stock. The shares were sold at an average price of $1.41, for a total transaction of $2,086.80.
• On Tuesday, July 7th, Financial Lp Hrt sold 21,059 shares of Linkers Industries stock. The shares were sold at an average price of $1.49, for a total transaction of $31,377.91.
• 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 transaction of $216.00.
• On Thursday, July 2nd, Financial Lp Hrt sold 9,299 shares of Linkers Industries stock. The stock was sold at an average price of $1.60, for a total transaction of $14,878.40.
• On Wednesday, July 1st, Financial Lp Hrt acquired 392 shares of Linkers Industries stock. The stock was acquired at an average price of $1.63 per share, with a total value of $638.96.
• On Tuesday, June 30th, Financial Lp Hrt sold 5,249 shares of Linkers Industries stock. The shares were 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 price of $1.80 per share, for a total transaction of $6,996.60.
• On Friday, June 26th, Financial Lp Hrt bought 2,938 shares of Linkers Industries stock. The shares were acquired at an average price of $1.98 per share, for a total transaction of $5,817.24.
• On Thursday, June 25th, Financial Lp Hrt bought 7,029 shares of Linkers Industries stock. The shares were 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 stock was acquired at an average price of $2.32 per share, with a total value of $5,574.96.

Linkers Industries Stock Down 2.8%

NASDAQ LNKS opened at $1.38 on Tuesday. The company has a current ratio of 4.69, a quick ratio of 3.53 and a debt-to-equity ratio of 0.02. The company has a 50 day moving average of $1.67 and a 200-day moving average of $88.52. Linkers Industries Limited has a 1-year low of $1.14 and a 1-year high of $420.00.

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

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of Linkers Industries in a report on Monday, July 6th. Wall Street Zen raised Linkers Industries from a “strong sell” rating to a “sell” rating in a research note on Sunday, June 28th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company 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.