Interlink Electronics (NASDAQ:LINK) Stock Price Crosses Below 50-Day Moving Average – Here’s Why

Interlink Electronics, Inc. (NASDAQ:LINK)’s stock price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $7.26 and traded as low as $5.92. Interlink Electronics shares last traded at $6.49, with a volume of 27,875 shares changing hands.

Interlink Electronics Trading Up 6.7 %

The firm has a market capitalization of $42.07 million, a price-to-earnings ratio of 72.11 and a beta of 0.93. The stock’s fifty day moving average price is $7.26 and its two-hundred day moving average price is $5.61.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in LINK. Sequoia Financial Advisors LLC purchased a new position in shares of Interlink Electronics in the 4th quarter valued at $177,000. Geode Capital Management LLC boosted its stake in Interlink Electronics by 35.2% in the fourth quarter. Geode Capital Management LLC now owns 41,621 shares of the technology company’s stock valued at $259,000 after acquiring an additional 10,827 shares in the last quarter. Finally, IHT Wealth Management LLC grew its holdings in shares of Interlink Electronics by 46.0% during the third quarter. IHT Wealth Management LLC now owns 24,462 shares of the technology company’s stock worth $89,000 after purchasing an additional 7,706 shares during the last quarter. 0.44% of the stock is owned by institutional investors and hedge funds.

About Interlink Electronics

Interlink Electronics, Inc, together with its subsidiaries, designs, develops, manufactures, and sells force-sensing technologies that incorporate proprietary materials technology, firmware, and software into sensor-based products and custom sensor system solutions in the United States, Asia, the Middle East, Europe, and internationally.