Interlink Electronics (NASDAQ:LINK) Releases Quarterly Earnings Results

Interlink Electronics (NASDAQ:LINK) released its earnings results on Thursday. The technology company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.05, Zacks reports. The business had revenue of $3.77 million for the quarter, compared to analyst estimates of $3.10 million. Interlink Electronics had a negative return on equity of 12.32% and a negative net margin of 8.95%.

Interlink Electronics Stock Up 3.1%

NASDAQ LINK opened at $5.74 on Friday. The stock has a market capitalization of $90.41 million and a P/E ratio of -81.99. Interlink Electronics has a 52-week low of $2.66 and a 52-week high of $10.10. The firm has a 50-day moving average price of $4.52 and a 200 day moving average price of $3.84.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Interlink Electronics

Institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC increased its position in Interlink Electronics by 162.0% during the 4th quarter. Renaissance Technologies LLC now owns 93,770 shares of the technology company’s stock worth $364,000 after purchasing an additional 57,974 shares during the period. Geode Capital Management LLC lifted its holdings in shares of 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 during the period. IHT Wealth Management LLC lifted its holdings in shares of Interlink Electronics by 65.7% in the 4th quarter. IHT Wealth Management LLC now owns 46,741 shares of the technology company’s stock valued at $181,000 after buying an additional 18,527 shares during the period. CreativeOne Wealth LLC purchased a new stake in shares of Interlink Electronics in the third quarter valued at approximately $510,000. Finally, State Street Corp purchased a new stake in shares of Interlink Electronics in the fourth quarter valued at approximately $49,000.

About Interlink Electronics

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.