Linkers Industries (NASDAQ:LNKS) Stock Price Down 8.6% – What’s Next?

Linkers Industries Limited (NASDAQ:LNKS)’s share price was down 8.6% during mid-day trading on Friday . The stock traded as low as $1.49 and last traded at $1.49. Approximately 851,372 shares changed hands during trading, a decline of 54% from the average daily volume of 1,850,072 shares. The stock had previously closed at $1.63.

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of Linkers Industries to a “strong sell” rating in a research report on Saturday, April 11th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Linkers Industries Price Performance

The company’s 50-day moving average price is $56.63 and its 200-day moving average price is $115.19. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.53 and a current ratio of 4.69.

Linkers Industries (NASDAQ:LNKS) last released its quarterly earnings data 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.

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.