Interlink Electronics (NASDAQ:LINK) Stock Price Passes Below 50 Day Moving Average – Here’s Why

Interlink Electronics, Inc. (NASDAQ:LINK)’s share price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $3.15 and traded as low as $2.90. Interlink Electronics shares last traded at $3.00, with a volume of 20,435 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded Interlink Electronics from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Tuesday. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $8.67.

Interlink Electronics Stock Performance

The company has a market cap of $46.62 million and a price-to-earnings ratio of -49.33. The business’s 50 day moving average price is $3.13 and its 200-day moving average price is $4.01.

Interlink Electronics (NASDAQ:LINK) last released its quarterly earnings data on Thursday, March 26th. The technology company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). The business had revenue of $2.85 million for the quarter, compared to the consensus estimate of $3.20 million. Interlink Electronics had a negative return on equity of 18.09% and a negative net margin of 14.70%.

Institutional Investors Weigh In On Interlink Electronics

Institutional investors have recently added to or reduced their stakes in the stock. CreativeOne Wealth LLC bought a new stake in shares of Interlink Electronics in the 3rd quarter valued at approximately $510,000. Wexford Capital LP bought a new position in shares of Interlink Electronics during the 3rd quarter worth approximately $38,000. Sequoia Financial Advisors LLC lifted its position in shares of Interlink Electronics by 50.0% during the 4th quarter. Sequoia Financial Advisors LLC now owns 42,675 shares of the technology company’s stock worth $166,000 after buying an additional 14,225 shares during the period. Geode Capital Management LLC boosted its stake in Interlink Electronics by 65.7% in 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. Finally, Renaissance Technologies LLC boosted its stake in Interlink Electronics by 162.0% in the 4th quarter. Renaissance Technologies LLC now owns 93,770 shares of the technology company’s stock valued at $364,000 after buying an additional 57,974 shares in the last quarter.

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.