Financial Lp Hrt Buys 32,502 Shares of Linkers Industries (NASDAQ:LNKS) Stock

Linkers Industries Limited (NASDAQ:LNKS) major shareholder Financial Lp Hrt purchased 32,502 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The stock was bought at an average cost of $2.34 per share, with a total value of $76,054.68. Following the completion of the acquisition, the insider owned 159,782 shares of the company’s stock, valued at approximately $373,889.88. The trade was a 25.54% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Major shareholders that own 10% or more 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 Wednesday, June 24th, Financial Lp Hrt acquired 2,403 shares of Linkers Industries stock. The stock was bought at an average price of $2.32 per share, for a total transaction of $5,574.96.

Linkers Industries Trading Down 7.8%

Linkers Industries stock opened at $1.88 on Friday. The stock has a 50-day moving average price of $1.72 and a 200 day moving average price of $94.78. 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 announced its earnings results on Wednesday, April 29th. The company reported ($6.54) earnings per share for the quarter. The company had revenue of $1.35 million for the quarter.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Linkers Industries from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 30th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company 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.