Interlink Electronics (NASDAQ:LINK) Stock Price Passes Above 50 Day Moving Average – Should You Sell?

Interlink Electronics, Inc. (NASDAQ:LINK) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $4.49 and traded as high as $4.63. Interlink Electronics shares last traded at $4.57, with a volume of 2,889 shares.

Wall Street Analyst Weigh In

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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $8.67.

Interlink Electronics Price Performance

The firm has a market cap of $71.98 million and a price-to-earnings ratio of -57.12. The firm has a fifty day simple moving average of $4.49 and a two-hundred day simple moving average of $3.78.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC lifted its stake in shares of 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 buying an additional 57,974 shares during the period. Geode Capital Management LLC increased its position 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 acquiring an additional 18,962 shares during the period. CreativeOne Wealth LLC purchased a new position in Interlink Electronics in the 3rd quarter worth $510,000. XTX Topco Ltd purchased a new position in Interlink Electronics in the 4th quarter worth $40,000. Finally, IHT Wealth Management LLC lifted its position in 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 acquiring an additional 18,527 shares during the period.

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.