ModusLink Global Solutions, Inc (NASDAQ:MLNK) Director Philip E. Lengyel sold 13,078 shares of the company’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $1.67, for a total value of $21,840.26. Following the completion of the sale, the director now owns 108,251 shares in the company, valued at approximately $180,779.17. The transaction was disclosed in a filing with the SEC, which is available at this link.

Shares of ModusLink Global Solutions, Inc (MLNK) remained flat at $1.64 on Wednesday. The company had a trading volume of 88,351 shares. The company’s market cap is $90.62 million. The company’s 50 day moving average price is $1.63 and its 200-day moving average price is $1.67. ModusLink Global Solutions, Inc has a 12-month low of $1.16 and a 12-month high of $2.08.

ModusLink Global Solutions (NASDAQ:MLNK) last posted its earnings results on Monday, June 5th. The technology company reported ($0.09) earnings per share for the quarter. ModusLink Global Solutions had a negative net margin of 8.26% and a negative return on equity of 47.50%. The company had revenue of $97.95 million for the quarter.

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Separately, Robert W. Baird downgraded ModusLink Global Solutions from an “outperform” rating to a “neutral” rating and reduced their target price for the stock from $25.00 to $8.00 in a research note on Thursday, June 8th.

Several large investors have recently modified their holdings of MLNK. Renaissance Technologies LLC increased its stake in shares of ModusLink Global Solutions by 11.5% in the first quarter. Renaissance Technologies LLC now owns 1,765,842 shares of the technology company’s stock valued at $3,179,000 after buying an additional 182,800 shares in the last quarter. Gamco Investors INC. ET AL increased its stake in shares of ModusLink Global Solutions by 0.9% in the first quarter. Gamco Investors INC. ET AL now owns 592,000 shares of the technology company’s stock valued at $1,066,000 after buying an additional 5,000 shares in the last quarter. Finally, Credit Agricole S A increased its stake in shares of ModusLink Global Solutions by 8,372.0% in the first quarter. Credit Agricole S A now owns 2,118 shares of the technology company’s stock valued at $155,000 after buying an additional 2,093 shares in the last quarter. 57.66% of the stock is currently owned by institutional investors.

About ModusLink Global Solutions

ModusLink Global Solutions, Inc is a provider of supply chain and logistics services through its subsidiaries, ModusLink Corporation and ModusLink PTS, Inc The Company provides services to companies in the consumer electronics, communications, computing, software, storage and retail industries. The Company operates through four segments: Americas, Asia, Europe and e-business.

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