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

Interlink Electronics, Inc. (NASDAQ:LINK) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $4.58 and traded as low as $4.51. Interlink Electronics shares last traded at $4.67, with a volume of 6,815 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered 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 issued a Sell rating to the company. Based on data from MarketBeat.com, Interlink Electronics presently has an average rating of “Hold” and a consensus target price of $8.67.

Interlink Electronics Price Performance

The business’s fifty day simple moving average is $4.59 and its two-hundred day simple moving average is $3.75. The company has a market cap of $62.05 million and a PE ratio of -49.25.

Interlink Electronics (NASDAQ:LINK) last posted its earnings results on Thursday, May 14th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.01. Interlink Electronics had a negative net margin of 10.41% and a negative return on equity of 13.62%. The business had revenue of $3.07 million for the quarter, compared to analyst estimates of $3.30 million.

Institutional Investors Weigh In On Interlink Electronics

Institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC raised its position in Interlink Electronics by 162.0% during the fourth quarter. Renaissance Technologies LLC now owns 93,770 shares of the technology company’s stock worth $364,000 after acquiring an additional 57,974 shares during the period. CreativeOne Wealth LLC acquired a new stake in shares of Interlink Electronics in the third quarter valued at about $510,000. Geode Capital Management LLC increased its stake in shares of Interlink Electronics by 65.7% during the fourth quarter. Geode Capital Management LLC now owns 47,818 shares of the technology company’s stock worth $186,000 after purchasing an additional 18,962 shares in the last quarter. IHT Wealth Management LLC raised its position in shares of Interlink Electronics by 65.7% during the 4th quarter. IHT Wealth Management LLC now owns 46,741 shares of the technology company’s stock worth $181,000 after purchasing an additional 18,527 shares during the last quarter. Finally, Sequoia Financial Advisors LLC raised 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 purchasing an additional 14,225 shares during the last quarter.

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.