Interlink Electronics (NASDAQ:LINK) Releases Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Interlink Electronics (NASDAQ:LINK) released its quarterly earnings data on Thursday. The technology company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.01), FiscalAI reports. Interlink Electronics had a negative return on equity of 15.57% and a negative net margin of 12.93%.The business had revenue of $2.85 million during the quarter, compared to the consensus estimate of $3.20 million.

Interlink Electronics Price Performance

Interlink Electronics stock traded down $0.08 during mid-day trading on Thursday, reaching $3.03. 12,282 shares of the stock traded hands, compared to its average volume of 28,701. The stock has a market capitalization of $47.72 million and a PE ratio of -151.50. Interlink Electronics has a 12-month low of $2.76 and a 12-month high of $10.10. The business’s 50-day moving average is $3.35 and its 200-day moving average is $4.66.

Institutional Investors Weigh In On Interlink Electronics

A number of large investors have recently made changes to their positions in the company. CreativeOne Wealth LLC purchased a new stake in Interlink Electronics in the 3rd quarter worth approximately $510,000. Wexford Capital LP purchased a new position in shares of Interlink Electronics during the 3rd quarter valued at $38,000. Geode Capital Management LLC lifted its stake in shares of Interlink Electronics by 65.7% during the 4th quarter. Geode Capital Management LLC now owns 47,818 shares of the technology company’s stock valued at $186,000 after buying an additional 18,962 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Interlink Electronics by 162.0% in the 4th quarter. Renaissance Technologies LLC now owns 93,770 shares of the technology company’s stock worth $364,000 after buying an additional 57,974 shares during the period. Finally, State Street Corp bought a new position in Interlink Electronics in the 4th quarter worth $49,000.

Analysts Set New Price Targets

A number of analysts have recently issued reports on LINK shares. Wall Street Zen raised shares of Interlink Electronics from a “hold” rating to a “buy” rating in a report on Friday, November 28th. Weiss Ratings reissued a “sell (d-)” rating on shares of Interlink Electronics in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price 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.