Interlink Electronics (NASDAQ:LINK) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of Interlink Electronics (NASDAQ:LINK) from a buy rating to a hold rating in a report released on Saturday morning.

Several other equities analysts have also recently issued reports on the stock. Lake Street Capital boosted their price target on shares of Interlink Electronics from $6.67 to $8.67 and gave the company a “buy” rating in a research report on Tuesday, September 9th. Weiss Ratings restated a “sell (d-)” rating on shares of Interlink Electronics in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $8.67.

Interlink Electronics Stock Down 4.3%

Shares of Interlink Electronics stock opened at $4.02 on Friday. The business has a 50 day moving average of $6.67 and a 200 day moving average of $5.26. Interlink Electronics has a 52 week low of $2.61 and a 52 week high of $10.10. The company has a market cap of $63.32 million and a PE ratio of 70.00.

Interlink Electronics (NASDAQ:LINK) last announced its quarterly earnings results on Wednesday, November 12th. The technology company reported ($0.03) EPS for the quarter, hitting analysts’ consensus estimates of ($0.03). The business had revenue of $2.96 million during the quarter, compared to analysts’ expectations of $3.10 million.

Institutional Investors Weigh In On Interlink Electronics

Hedge funds and other institutional investors have recently bought and sold shares of the business. CreativeOne Wealth LLC bought a new position in shares of Interlink Electronics during the third quarter valued at approximately $510,000. Bartlett & CO. Wealth Management LLC purchased a new stake in shares of Interlink Electronics in the 3rd quarter worth approximately $61,000. Finally, Wexford Capital LP bought a new position in Interlink Electronics during the 3rd quarter valued at approximately $38,000.

Interlink Electronics Company Profile

Interlink Electronics, Inc, together with its subsidiaries, designs, develops, manufactures, and sells force-sensing technologies that incorporate proprietary materials technology, firmware, and software into sensor-based products and custom sensor system solutions in the United States, Asia, the Middle East, Europe, and internationally.