Intellinetics (OTCMKTS:INLX) Trading Up 5.1%

Intellinetics, Inc. (OTCMKTS:INLX) shares rose 5.1% during trading on Tuesday . The company traded as high as $7.25 and last traded at $7.16. Approximately 5,001 shares changed hands during trading, a decline of 76% from the average daily volume of 21,274 shares. The stock had previously closed at $6.81.

Intellinetics Stock Up 5.1 %

The stock has a fifty day moving average of $7.87 and a 200 day moving average of $5.86. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.91 and a quick ratio of 0.89. The firm has a market capitalization of $29.46 million, a P/E ratio of 55.08 and a beta of 0.32.

Intellinetics (OTCMKTS:INLX) last released its earnings results on Thursday, March 28th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). The business had revenue of $4.19 million for the quarter, compared to the consensus estimate of $4.10 million. Intellinetics had a return on equity of 7.71% and a net margin of 4.09%. On average, research analysts anticipate that Intellinetics, Inc. will post 0.13 EPS for the current fiscal year.

Institutional Trading of Intellinetics

A hedge fund recently bought a new stake in Intellinetics stock. Susquehanna International Group LLP acquired a new stake in Intellinetics, Inc. (OTCMKTS:INLX) during the first quarter, according to its most recent 13F filing with the SEC. The fund acquired 17,691 shares of the company’s stock, valued at approximately $71,000. Susquehanna International Group LLP owned 0.43% of Intellinetics as of its most recent filing with the SEC. Hedge funds and other institutional investors own 0.75% of the company’s stock.

About Intellinetics

Intellinetics, Inc designs, develops, tests, markets, and licenses document services and software solutions in the United States. The company operates in two segments, Document Management and Document Conversion. Its software platform allows its customers to capture and manage documents across operations, such as scanned hard-copy documents and digital documents, including Microsoft Office 365, digital images, audios, videos, and emails.