Interlink Electronics (NASDAQ:LINK) Announces Earnings Results, Beats Estimates By $0.05 EPS

Interlink Electronics (NASDAQ:LINK) posted its quarterly earnings data on Thursday. The technology company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.05, Zacks reports. Interlink Electronics had a negative return on equity of 13.62% and a negative net margin of 10.41%.

Interlink Electronics Stock Performance

Shares of NASDAQ LINK traded down $0.13 during midday trading on Thursday, reaching $5.56. 12,009 shares of the stock were exchanged, compared to its average volume of 60,083. The stock has a market capitalization of $87.57 million and a P/E ratio of -68.19. The company has a 50 day simple moving average of $4.49 and a 200 day simple moving average of $3.82. Interlink Electronics has a twelve month low of $2.66 and a twelve month high of $10.10.

Institutional Investors Weigh In On Interlink Electronics

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LINK. Wexford Capital LP acquired a new stake in shares of Interlink Electronics during the 3rd quarter worth about $38,000. XTX Topco Ltd acquired a new position in shares of Interlink Electronics in the 4th quarter worth approximately $40,000. Equitable Holdings Inc. acquired a new position in shares of Interlink Electronics in the 4th quarter worth approximately $42,000. State Street Corp purchased a new position in shares of Interlink Electronics during the 4th quarter worth approximately $49,000. Finally, CreativeOne Wealth LLC purchased a new position in shares of Interlink Electronics during the 3rd quarter worth approximately $510,000.

Analyst Ratings Changes

Separately, Weiss Ratings lowered Interlink Electronics from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Thursday, June 11th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $8.67.

Interlink Electronics Company Profile

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.