Renaissance Technologies LLC increased its position in ModusLink Global Solutions, Inc (NASDAQ:MLNK) by 11.5% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 1,765,842 shares of the technology company’s stock after buying an additional 182,800 shares during the period. Renaissance Technologies LLC owned about 3.21% of ModusLink Global Solutions worth $3,179,000 as of its most recent filing with the SEC.

Separately, Credit Agricole S A boosted its stake in shares of ModusLink Global Solutions by 8,372.0% in the first quarter. Credit Agricole S A now owns 2,118 shares of the technology company’s stock worth $155,000 after buying an additional 2,093 shares in the last quarter. Hedge funds and other institutional investors own 57.63% of the company’s stock.

Shares of ModusLink Global Solutions, Inc (NASDAQ MLNK) traded down 1.32% during mid-day trading on Friday, hitting $1.50. The stock had a trading volume of 46,515 shares. The company’s 50 day moving average is $1.64 and its 200-day moving average is $1.64. The stock’s market cap is $82.88 million. ModusLink Global Solutions, Inc has a 52-week low of $1.16 and a 52-week high of $2.08.

ModusLink Global Solutions (NASDAQ:MLNK) last issued its quarterly earnings data on Monday, June 5th. The technology company reported ($0.09) earnings per share (EPS) for the quarter. The business had revenue of $97.95 million for the quarter. ModusLink Global Solutions had a negative net margin of 8.26% and a negative return on equity of 47.50%.

COPYRIGHT VIOLATION NOTICE: “Renaissance Technologies LLC Has $3.18 Million Stake in ModusLink Global Solutions, Inc (MLNK)” was first reported by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of United States and international trademark & copyright laws. The legal version of this article can be read at https://theolympiareport.com/2017/08/12/renaissance-technologies-llc-has-3-18-million-stake-in-moduslink-global-solutions-inc-mlnk.html.

Separately, Robert W. Baird cut ModusLink Global Solutions from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $25.00 to $8.00 in a research report on Thursday, June 8th.

ModusLink Global Solutions Company Profile

ModusLink Global Solutions, Inc is a provider of supply chain and logistics services through its subsidiaries, ModusLink Corporation and ModusLink PTS, Inc The Company provides services to companies in the consumer electronics, communications, computing, software, storage and retail industries. The Company operates through four segments: Americas, Asia, Europe and e-business.

Institutional Ownership by Quarter for ModusLink Global Solutions (NASDAQ:MLNK)

Receive News & Ratings for ModusLink Global Solutions Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ModusLink Global Solutions Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.