ModusLink Global Solutions (NASDAQ:MLNK) released its earnings data on Tuesday. The company reported $0.01 earnings per share for the quarter, AnalystRatings.Net reports. The company had revenue of $191.40 million for the quarter, compared to the consensus estimate of $197.10 million.
ModusLink Global Solutions (NASDAQ:MLNK) traded down 2.78% during mid-day trading on Tuesday, hitting $3.84. 109,202 shares of the company’s stock traded hands. ModusLink Global Solutions has a 52 week low of $2.10 and a 52 week high of $4.68. The stock has a 50-day moving average of $3.98 and a 200-day moving average of $3.20. The company’s market cap is $197.5 million.
MLNK has been the subject of a number of recent research reports. Analysts at Thomson Reuters/Verus downgraded shares of ModusLink Global Solutions from a “buy” rating to a “hold” rating in a research note to investors on Monday.
ModusLink Global Solutions, Inc, through its wholly owned subsidiaries, ModusLink Corporation (NASDAQ:MLNK), ModusLink PTS, Inc (ModusLink PTS) and Tech For Less LLC (TFL), executes supply chain and logistics services.
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