Financial Lp Hrt Acquires 7,845 Shares of Linkers Industries (NASDAQ:LNKS) Stock

Linkers Industries Limited (NASDAQ:LNKS) major shareholder Financial Lp Hrt bought 7,845 shares of the stock in a transaction on Thursday, July 9th. The shares were bought at an average cost of $1.45 per share, for a total transaction of $11,375.25. Following the purchase, the insider owned 147,124 shares in the company, valued at $213,329.80. This trade represents a 5.63% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Financial Lp Hrt also recently made the following trade(s):

• On Wednesday, July 8th, Financial Lp Hrt sold 1,480 shares of Linkers Industries stock. The stock was sold at an average price of $1.41, for a total transaction of $2,086.80.
• On Tuesday, July 7th, Financial Lp Hrt sold 21,059 shares of Linkers Industries stock. The shares were sold at an average price of $1.49, for a total transaction of $31,377.91.
• On Monday, July 6th, Financial Lp Hrt sold 135 shares of Linkers Industries stock. The shares were sold at an average price of $1.60, for a total transaction of $216.00.
• On Thursday, July 2nd, Financial Lp Hrt sold 9,299 shares of Linkers Industries stock. The shares were sold at an average price of $1.60, for a total transaction of $14,878.40.
• On Wednesday, July 1st, Financial Lp Hrt purchased 392 shares of Linkers Industries stock. The stock was acquired at an average price of $1.63 per share, for a total transaction of $638.96.
• On Tuesday, June 30th, Financial Lp Hrt sold 5,249 shares of Linkers Industries stock. The shares were sold at an average price of $1.67, for a total transaction of $8,765.83.
• On Monday, June 29th, Financial Lp Hrt acquired 3,887 shares of Linkers Industries stock. The stock was acquired at an average cost of $1.80 per share, for a total transaction of $6,996.60.
• On Friday, June 26th, Financial Lp Hrt bought 2,938 shares of Linkers Industries stock. The stock was acquired at an average price of $1.98 per share, for a total transaction of $5,817.24.
• On Thursday, June 25th, Financial Lp Hrt bought 7,029 shares of Linkers Industries stock. The shares were acquired at an average cost of $2.06 per share, with a total value of $14,479.74.
• On Wednesday, June 24th, Financial Lp Hrt bought 2,403 shares of Linkers Industries stock. The shares were acquired at an average cost of $2.32 per share, with a total value of $5,574.96.

Linkers Industries Stock Up 4.3%

Shares of NASDAQ:LNKS opened at $1.44 on Wednesday. Linkers Industries Limited has a 1-year low of $1.14 and a 1-year high of $420.00. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.53 and a current ratio of 4.69. The company has a 50 day moving average price of $1.66 and a 200 day moving average price of $87.82.

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

Analyst Ratings Changes

A number of analysts have commented on LNKS shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Linkers Industries in a research note on Monday, July 6th. Wall Street Zen raised shares of Linkers Industries from a “strong sell” rating to a “sell” rating in a research report on Sunday, June 28th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

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.