Wall Street Zen Upgrades Linkers Industries (NASDAQ:LNKS) to “Sell”

Linkers Industries (NASDAQ:LNKS) was upgraded by stock analysts at Wall Street Zen from a “strong sell” rating to a “sell” rating in a research note issued to investors on Sunday.

Linkers Industries Stock Performance

Linkers Industries stock opened at $1.88 on Friday. The company has a fifty day moving average price of $1.72 and a two-hundred day moving average price of $94.78. The company has a quick ratio of 3.53, a current ratio of 4.69 and a debt-to-equity ratio of 0.02. Linkers Industries has a 12 month low of $1.14 and a 12 month high of $420.00.

Linkers Industries (NASDAQ:LNKS) last released its earnings results on Wednesday, April 29th. The company reported ($6.54) earnings per share for the quarter. The business had revenue of $1.35 million for the quarter.

Insider Buying and Selling at Linkers Industries

In other Linkers Industries news, major shareholder Financial Lp Hrt acquired 32,502 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were purchased at an average price of $2.34 per share, for a total transaction of $76,054.68. Following the completion of the purchase, the insider directly owned 159,782 shares in the company, valued at $373,889.88. The trade was a 25.54% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

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.