Linkers Industries (NASDAQ:LNKS) Major Shareholder Sells $31,377.91 in Stock

Linkers Industries Limited (NASDAQ:LNKS) major shareholder Financial Lp Hrt sold 21,059 shares of the stock in a transaction 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 transaction, the insider owned 140,759 shares of the company’s stock, valued at approximately $209,730.91. This trade represents a 13.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases 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 transaction of $2,086.80.
• On Monday, July 6th, Financial Lp Hrt sold 135 shares of Linkers Industries stock. The stock was sold at an average price of $1.60, for a total transaction of $216.00.
• On Thursday, July 2nd, Financial Lp Hrt sold 9,299 shares of Linkers Industries stock. The shares were sold at an average price of $1.60, for a total transaction of $14,878.40.
• On Wednesday, July 1st, Financial Lp Hrt purchased 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 price of $1.80 per share, for a total transaction of $6,996.60.
• On Friday, June 26th, Financial Lp Hrt acquired 2,938 shares of Linkers Industries stock. The shares were 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 acquired 7,029 shares of Linkers Industries stock. The shares were bought at an average price of $2.06 per share, with a total value of $14,479.74.
• On Wednesday, June 24th, Financial Lp Hrt purchased 2,403 shares of Linkers Industries stock. The stock was bought at an average cost of $2.32 per share, with a total value of $5,574.96.
• On Tuesday, June 23rd, Financial Lp Hrt bought 32,502 shares of Linkers Industries stock. The stock was purchased at an average price of $2.34 per share, for a total transaction of $76,054.68.

Linkers Industries Stock Performance

Shares of NASDAQ:LNKS traded down $0.01 during trading on Friday, reaching $1.42. 35,818 shares of the stock traded hands, compared to its average volume of 4,242,759. The stock has a 50-day moving average of $1.67 and a two-hundred day moving average of $89.09. Linkers Industries Limited has a 52-week low of $1.14 and a 52-week high of $420.00. The company has a current ratio of 4.69, a quick ratio of 3.53 and a debt-to-equity ratio of 0.02.

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

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on LNKS shares. Wall Street Zen upgraded shares of Linkers Industries from a “strong sell” rating to a “sell” rating in a research note on Sunday, June 28th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Linkers Industries in a research note on Monday, July 6th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Linkers Industries presently has a consensus 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.