Interlink Electronics (NASDAQ:LINK) Shares Cross Above 50-Day Moving Average – Here’s Why

Shares of Interlink Electronics, Inc. (NASDAQ:LINK) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $7.15 and traded as high as $7.34. Interlink Electronics shares last traded at $7.34, with a volume of 18,019 shares.

Interlink Electronics Stock Up 4.1 %

The stock’s 50-day moving average price is $7.15 and its 200-day moving average price is $5.23. The company has a market capitalization of $47.58 million, a price-to-earnings ratio of 81.56 and a beta of 0.93.

Hedge Funds Weigh In On Interlink Electronics

A number of large investors have recently modified their holdings of the stock. IHT Wealth Management LLC lifted its position in shares of Interlink Electronics by 10.3% during the fourth quarter. IHT Wealth Management LLC now owns 26,978 shares of the technology company’s stock worth $168,000 after purchasing an additional 2,516 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Interlink Electronics by 35.2% during the fourth quarter. Geode Capital Management LLC now owns 41,621 shares of the technology company’s stock worth $259,000 after buying an additional 10,827 shares during the last quarter. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of Interlink Electronics during the fourth quarter worth approximately $177,000. 0.44% of the stock is currently 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.