Link Motion (LKM) Sees Strong Trading Volume

Link Motion Inc (NYSE:LKM) saw unusually-strong trading volume on Monday . Approximately 8,121 shares were traded during mid-day trading, a decline of 99% from the previous session’s volume of 617,264 shares.The stock last traded at $0.47 and had previously closed at $0.51.

The stock has a market cap of $49.84 million, a P/E ratio of 0.40 and a beta of 0.88.

Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in Link Motion in the 1st quarter worth approximately $2,632,000. Dimensional Fund Advisors LP purchased a new stake in Link Motion in the 1st quarter worth approximately $1,816,000. Guggenheim Capital LLC purchased a new stake in Link Motion in the 1st quarter worth approximately $530,000. Hartwell J M Limited Partnership purchased a new stake in Link Motion in the 2nd quarter worth approximately $301,000. Finally, California Public Employees Retirement System purchased a new stake in Link Motion in the 1st quarter worth approximately $246,000. Hedge funds and other institutional investors own 3.84% of the company’s stock.

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Link Motion Company Profile (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.

See Also: Earnings Per Share

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