Interlink Electronics Inc. announced on Tuesday a two-for-one split of its common shares.
The Camarillo touch-sensor technology company said it is taking the action to increase liquidity and to enhance its ability to list shares on a national exchange. Interlink currently trades over the counter.
The stock split will be effective on Feb. 24.
Interlink makes touchpads and computer-mouse products for rugged environments, such as oil refineries, automobile assembly lines and machine shops. It also serves the medical-device market.
Interlink also reported preliminary results for the fiscal year ended Dec. 3.l Net income rose to $1.5 million (53 cents a share) compared with $12,000 (0 cents) in the same period a year earlier. Revenue increased by 36 percent to $10.2 million.
Interlink will report final fourth quarter and year-end earnings in mid-March.
Shares closed down 25 cents, or 1.7 percent, to $14.50 in over-the-counter trading.
Teledyne Technologies Inc. has acquired Bowtech Products Ltd., a Scottish company that makes underwater cameras and lighting systems.
Terms of the deal between Teledyne, in Thousand Oaks, and Bowtech, in Aberdeen, were not disclosed.
Teledyne Chief Executive Robert Mehrabian said the acquisition adds optical underwater cameras to the company’s offering for the marine markets.
“Furthermore, as an established provider of subsea cameras, Bowtech can help accelerate the development of new underwater imaging products based on other digital imaging technologies within Teledyne,” Mehrabian said in a prepared statement.
Shares closed up $3.97 or 4.2 percent, to $98.65 on the New York Stock Exchange.