Intellinetics (OTCMKTS:INLX) Trading 5.1% Higher

Intellinetics, Inc. (OTCMKTS:INLX)’s share price shot up 5.1% during mid-day trading on Tuesday . The company traded as high as $7.25 and last traded at $7.16. 5,001 shares traded hands during mid-day trading, a decline of 76% from the average session volume of 21,274 shares. The stock had previously closed at $6.81.

Intellinetics Stock Up 5.1 %

The company has a market capitalization of $29.46 million, a PE ratio of 55.08 and a beta of 0.32. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.89 and a current ratio of 0.91. The company’s 50-day moving average is $7.87 and its 200 day moving average is $5.86.

Intellinetics (OTCMKTS:INLX) last posted its quarterly 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). Intellinetics had a net margin of 4.09% and a return on equity of 7.71%. The firm had revenue of $4.19 million for the quarter, compared to analysts’ expectations of $4.10 million. As a group, analysts anticipate that Intellinetics, Inc. will post 0.13 EPS for the current year.

Institutional Investors Weigh In On Intellinetics

A hedge fund recently bought a new stake in Intellinetics stock. Susquehanna International Group LLP purchased a new stake in shares of Intellinetics, Inc. (OTCMKTS:INLX) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 17,691 shares of the company’s stock, valued at approximately $71,000. Susquehanna International Group LLP owned about 0.43% of Intellinetics as of its most recent SEC filing. 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.