Interlink Electronics (NASDAQ:LINK) Stock Price Passes Below 50-Day Moving Average – Should You Sell?

Interlink Electronics, Inc. (NASDAQ:LINK)’s stock price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $3.15 and traded as low as $2.90. Interlink Electronics shares last traded at $3.00, with a volume of 20,435 shares.

Analyst Ratings Changes

Separately, Weiss Ratings cut Interlink Electronics from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, Interlink Electronics has an average rating of “Hold” and an average price target of $8.67.

Interlink Electronics Trading Up 1.7%

The business’s 50 day moving average is $3.15 and its 200 day moving average is $4.05. The stock has a market capitalization of $47.25 million and a PE ratio of -50.00.

Interlink Electronics (NASDAQ:LINK) last released its quarterly earnings results on Thursday, March 26th. The technology company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). Interlink Electronics had a negative return on equity of 18.09% and a negative net margin of 14.70%.The firm had revenue of $2.85 million for the quarter, compared to analysts’ expectations of $3.20 million.

Hedge Funds Weigh In On Interlink Electronics

A number of large investors have recently made changes to their positions in the company. Wexford Capital LP purchased a new position in Interlink Electronics during the 3rd quarter valued at $38,000. XTX Topco Ltd purchased a new position in Interlink Electronics during the 4th quarter valued at $40,000. Equitable Holdings Inc. purchased a new position in Interlink Electronics during the 4th quarter valued at $42,000. State Street Corp purchased a new position in Interlink Electronics during the 4th quarter valued at $49,000. Finally, Sequoia Financial Advisors LLC boosted its holdings in Interlink Electronics by 50.0% during the 4th quarter. Sequoia Financial Advisors LLC now owns 42,675 shares of the technology company’s stock valued at $166,000 after acquiring an additional 14,225 shares during the period.

About Interlink Electronics

Interlink Electronics, Inc is a California-based company specializing in the design, development and manufacture of human interface technologies. The company’s core focus is on force-sensing and touch-sensitive solutions that enable intuitive control and feedback in electronic devices. Interlink holds proprietary intellectual property in the field of force-sensing resistors (FSRs) and related sensor technologies, giving it a distinct position in the market for tactile input components.

Interlink’s product portfolio includes thin-film force-sensing resistors, membrane keypads, touchpads and programmable touch-feedback modules.