Linkers Industries (NASDAQ:LNKS) Shares Down 6.4% – Should You Sell?

Linkers Industries Limited (NASDAQ:LNKS) shares were down 6.4% during mid-day trading on Tuesday . The company traded as low as $0.81 and last traded at $0.8311. Approximately 55,846 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 370,031 shares. The stock had previously closed at $0.8882.

Analyst Upgrades and Downgrades

A number of research firms have commented on LNKS. Wall Street Zen upgraded shares of Linkers Industries from a “strong sell” rating to a “sell” rating in a research report on Sunday, June 28th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Linkers Industries in a report on Monday, July 6th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Linkers Industries Price Performance

The stock has a 50-day moving average of $1.37 and a two-hundred day moving average of $60.37. The company has a debt-to-equity ratio of 0.02, a current ratio of 4.69 and a quick ratio of 3.53.

Insider Activity at Linkers Industries

In other news, major shareholder Financial Lp Hrt bought 32,502 shares of the firm’s stock in a transaction on Tuesday, June 23rd. The stock was bought at an average cost of $2.34 per share, for a total transaction of $76,054.68. Following the completion of the acquisition, the insider directly owned 159,782 shares in the company, valued at $373,889.88. This represents a 25.54% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. In the last ninety days, insiders have bought 56,996 shares of company stock valued at $120,937 and have sold 37,222 shares valued at $57,325.

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.