Linkers Industries (NASDAQ:LNKS) Major Shareholder Financial Lp Hrt Buys 7,029 Shares of Stock

Linkers Industries Limited (NASDAQ:LNKS) major shareholder Financial Lp Hrt acquired 7,029 shares of Linkers Industries stock in a transaction on Thursday, June 25th. The shares were purchased at an average cost of $2.06 per share, with a total value of $14,479.74. Following the completion of the purchase, the insider directly owned 169,214 shares of the company’s stock, valued at approximately $348,580.84. This represents a 4.33% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Major 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 Friday, June 26th, Financial Lp Hrt bought 2,938 shares of Linkers Industries stock. The stock was purchased at an average cost of $1.98 per share, for a total transaction of $5,817.24.
• On Wednesday, June 24th, Financial Lp Hrt bought 2,403 shares of Linkers Industries stock. The stock was purchased at an average cost of $2.32 per share, for a total transaction of $5,574.96.
• On Tuesday, June 23rd, Financial Lp Hrt purchased 32,502 shares of Linkers Industries stock. The shares were purchased at an average price of $2.34 per share, for a total transaction of $76,054.68.

Linkers Industries Stock Performance

Shares of NASDAQ:LNKS opened at $1.73 on Tuesday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.53 and a current ratio of 4.69. Linkers Industries Limited has a 52 week low of $1.14 and a 52 week high of $420.00. The firm has a 50 day simple moving average of $1.71 and a 200 day simple moving average of $94.21.

Linkers Industries (NASDAQ:LNKS) last posted its quarterly earnings data 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.

Analyst Ratings Changes

Separately, Wall Street Zen raised Linkers Industries from a “strong sell” rating to a “sell” rating in a research note on Sunday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

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.