Link Motion (LKM) Reaches New 52-Week Low at $0.49

Link Motion Inc (NYSE:LKM) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $0.49 and last traded at $0.52, with a volume of 2548 shares trading hands. The stock had previously closed at $0.54.

The company has a market cap of $53.80 million, a PE ratio of 0.43 and a beta of 0.48.

Institutional investors have recently modified their holdings of the business. BlackRock Inc. acquired a new position in Link Motion during the 1st quarter valued at approximately $2,632,000. Dimensional Fund Advisors LP purchased a new stake in shares of Link Motion in the 1st quarter valued at $1,816,000. Hartwell J M Limited Partnership purchased a new stake in shares of Link Motion in the 2nd quarter valued at $301,000. California Public Employees Retirement System purchased a new stake in shares of Link Motion in the 1st quarter valued at $246,000. Finally, Northern Trust Corp purchased a new stake in shares of Link Motion in the 1st quarter valued at $155,000. Institutional investors and hedge funds own 3.78% of the company’s stock.

About Link Motion (NYSE:LKM)

Link Motion Inc operates as a smart car and smart ride company in the People's Republic of China and internationally. Its offerings include enabling technology solutions and secure connected carputers for the ecosystem of car businesses; and consumer ride sharing services, as well as mobile security, productivity, and other related applications.

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