Insider Buying: Linkers Industries (NASDAQ:LNKS) Major Shareholder Buys 32,502 Shares of Stock

Linkers Industries Limited (NASDAQ:LNKS) major shareholder Financial Lp Hrt purchased 32,502 shares of the firm’s stock in a transaction dated Tuesday, June 23rd. The shares were bought at an average price of $2.34 per share, with a total value of $76,054.68. Following the purchase, the insider owned 159,782 shares in the company, valued at $373,889.88. This represents a 25.54% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s stock 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 bought at an average cost of $2.32 per share, for a total transaction of $5,574.96.

Linkers Industries Trading Down 8.1%

Linkers Industries stock traded down $0.18 during trading hours on Thursday, reaching $2.03. 159,042 shares of the company were exchanged, compared to its average volume of 1,558,270. Linkers Industries Limited has a 12 month low of $1.14 and a 12 month high of $420.00. The company has a quick ratio of 3.53, a current ratio of 4.69 and a debt-to-equity ratio of 0.02. The stock has a 50-day moving average of $1.72 and a 200 day moving average of $96.02.

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

Analyst Ratings Changes

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