Interlink Electronics (NASDAQ:LINK) Stock Price Down 2.2% – What’s Next?

Interlink Electronics, Inc. (NASDAQ:LINK)’s share price dropped 2.2% during mid-day trading on Monday . The stock traded as low as $5.78 and last traded at $6.16. Approximately 93,138 shares were traded during trading, an increase of 26% from the average daily volume of 74,109 shares. The stock had previously closed at $6.30.

Wall Street Analysts Forecast Growth

LINK has been the topic of a number of recent analyst reports. Lake Street Capital boosted their price target on shares of Interlink Electronics from $6.67 to $8.67 and gave the stock a “buy” rating in a research report on Tuesday, September 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of Interlink Electronics in a report on Wednesday, October 8th. Finally, Wall Street Zen raised shares of Interlink Electronics to a “buy” rating in a report on Saturday, September 13th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $8.67.

Interlink Electronics Stock Performance

The stock has a 50 day simple moving average of $6.87 and a 200-day simple moving average of $5.20.

Institutional Investors Weigh In On Interlink Electronics

A hedge fund recently bought a new stake in Interlink Electronics stock. Bartlett & CO. Wealth Management LLC bought a new stake in shares of Interlink Electronics, Inc. (NASDAQ:LINK) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 4,800 shares of the technology company’s stock, valued at approximately $61,000. Bartlett & CO. Wealth Management LLC owned approximately 0.07% of Interlink Electronics at the end of the most recent reporting period.

About Interlink Electronics

Interlink Electronics, Inc, together with its subsidiaries, designs, develops, manufactures, and sells force-sensing technologies that incorporate proprietary materials technology, firmware, and software into sensor-based products and custom sensor system solutions in the United States, Asia, the Middle East, Europe, and internationally.