Insider Buying: Linkers Industries (NASDAQ:LNKS) Major Shareholder Buys $14,479.74 in Stock

Linkers Industries Limited (NASDAQ:LNKS) major shareholder Financial Lp Hrt purchased 7,029 shares of the stock in a transaction dated Thursday, June 25th. The shares were acquired at an average cost of $2.06 per share, with a total value of $14,479.74. Following the acquisition, the insider directly owned 169,214 shares in the company, valued at $348,580.84. This represents a 4.33% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large 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 acquired 2,938 shares of Linkers Industries stock. The stock was acquired at an average cost of $1.98 per share, for a total transaction of $5,817.24.
• On Wednesday, June 24th, Financial Lp Hrt bought 2,403 shares of Linkers Industries stock. The stock was acquired at an average price of $2.32 per share, for a total transaction of $5,574.96.
• On Tuesday, June 23rd, Financial Lp Hrt bought 32,502 shares of Linkers Industries stock. The stock was bought at an average cost of $2.34 per share, with a total value of $76,054.68.

Linkers Industries Stock Performance

Shares of LNKS stock traded down $0.15 on Monday, reaching $1.73. The company had a trading volume of 115,113 shares, compared to its average volume of 1,534,757. The business’s 50-day moving average is $1.72 and its 200 day moving average is $94.82. Linkers Industries Limited has a one year low of $1.14 and a one year high of $420.00. 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 (NASDAQ:LNKS) last announced 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 for the quarter.

Wall Street Analyst Weigh In

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