Linkers Industries (NASDAQ:LNKS) Major Shareholder Sells 21,059 Shares of Stock

Linkers Industries Limited (NASDAQ:LNKS) major shareholder Financial Lp Hrt sold 21,059 shares of the company’s stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $1.49, for a total value of $31,377.91. Following the completion of the sale, the insider owned 140,759 shares in the company, valued at $209,730.91. The trade was a 13.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Financial Lp Hrt also recently made the following trade(s):

• On Wednesday, July 8th, Financial Lp Hrt sold 1,480 shares of Linkers Industries stock. The shares were sold at an average price of $1.41, for a total value of $2,086.80.
• On Monday, July 6th, Financial Lp Hrt sold 135 shares of Linkers Industries stock. The shares were sold at an average price of $1.60, for a total value of $216.00.
• On Thursday, July 2nd, Financial Lp Hrt sold 9,299 shares of Linkers Industries stock. The stock was sold at an average price of $1.60, for a total value of $14,878.40.
• On Wednesday, July 1st, Financial Lp Hrt bought 392 shares of Linkers Industries stock. The stock was bought at an average cost of $1.63 per share, for a total transaction of $638.96.
• On Tuesday, June 30th, Financial Lp Hrt sold 5,249 shares of Linkers Industries stock. The stock was sold at an average price of $1.67, for a total value of $8,765.83.
• On Monday, June 29th, Financial Lp Hrt purchased 3,887 shares of Linkers Industries stock. The stock was bought at an average cost of $1.80 per share, with a total value of $6,996.60.
• On Friday, June 26th, Financial Lp Hrt purchased 2,938 shares of Linkers Industries stock. The stock was bought at an average cost of $1.98 per share, with a total value of $5,817.24.
• On Thursday, June 25th, Financial Lp Hrt purchased 7,029 shares of Linkers Industries stock. The stock was purchased at an average price of $2.06 per share, for a total transaction of $14,479.74.
• On Wednesday, June 24th, Financial Lp Hrt acquired 2,403 shares of Linkers Industries stock. The shares were purchased at an average cost of $2.32 per share, for a total transaction of $5,574.96.
• On Tuesday, June 23rd, Financial Lp Hrt acquired 32,502 shares of Linkers Industries stock. The shares were purchased at an average cost of $2.34 per share, for a total transaction of $76,054.68.

Linkers Industries Price Performance

NASDAQ:LNKS traded down $0.01 on Thursday, reaching $1.43. 31,648 shares of the stock traded hands, compared to its average volume of 1,455,645. The company has a quick ratio of 3.53, a current ratio of 4.69 and a debt-to-equity ratio of 0.02. Linkers Industries Limited has a 12 month low of $1.14 and a 12 month high of $420.00. The company’s fifty day simple moving average is $1.68 and its 200 day simple moving average is $90.26.

Linkers Industries (NASDAQ:LNKS) last issued its earnings results on Wednesday, April 29th. The company reported ($6.54) earnings per share (EPS) for the quarter. The firm had revenue of $1.35 million for the quarter.

Wall Street Analysts Forecast Growth

Several analysts have commented on LNKS shares. Wall Street Zen upgraded Linkers Industries from a “strong sell” rating to a “sell” rating in a research note on Sunday, June 28th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Linkers Industries in a research report on Monday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

About Linkers Industries

Linkers Industries Ltd. is a holding company, which engages in the business of manufacturing, supplying, and selling connectors, assemblies, wire, and cable harnesses. It operates through the following geographical segments: Thailand, Malaysia, Switzerland, the United States of America, and Others. The company was founded on December 8, 2022 and is headquartered in Sungai Petani, Malaysia.