Financial Lp Hrt Buys 7,029 Shares of Linkers Industries (NASDAQ:LNKS) Stock

Linkers Industries Limited (NASDAQ:LNKS) major shareholder Financial Lp Hrt bought 7,029 shares of Linkers Industries stock in a transaction dated Thursday, June 25th. The shares were acquired at an average price of $2.06 per share, with a total value of $14,479.74. Following the completion of the purchase, the insider directly owned 169,214 shares in the company, valued at $348,580.84. This trade represents a 4.33% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own more than 10% 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 Friday, June 26th, Financial Lp Hrt bought 2,938 shares of Linkers Industries stock. The shares were bought at an average price of $1.98 per share, with a total value of $5,817.24.
• On Wednesday, June 24th, Financial Lp Hrt acquired 2,403 shares of Linkers Industries stock. The shares were bought at an average price of $2.32 per share, with a total value of $5,574.96.
• On Tuesday, June 23rd, Financial Lp Hrt purchased 32,502 shares of Linkers Industries stock. The shares were purchased at an average cost of $2.34 per share, with a total value of $76,054.68.

Linkers Industries Stock Performance

LNKS opened at $1.66 on Wednesday. The stock has a fifty day moving average of $1.70 and a 200-day moving average of $93.57. Linkers Industries Limited has a fifty-two week low of $1.14 and a fifty-two week high of $420.00. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.69 and a quick ratio of 3.53.

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

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Linkers Industries from a “strong sell” rating to a “sell” rating in a research note on Sunday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Linkers Industries has a consensus rating of “Sell”.

Linkers Industries Company Profile

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.