Intellinetics (NYSEAMERICAN:INLX) Stock Jumps 3.4% – What’s Next?

Intellinetics, Inc. (NYSEAMERICAN:INLX)’s share price traded up 3.4% during mid-day trading on Wednesday. The company traded as high as $4.24 and last traded at $4.24. 8,910 shares changed hands during mid-day trading, an increase of 24% from the average session volume of 7,183 shares. The stock had previously closed at $4.10.

Intellinetics Price Performance

The company’s fifty day moving average price is $5.06 and its 200 day moving average price is $6.40. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.73 and a current ratio of 0.75. The firm has a market capitalization of $18.14 million, a price-to-earnings ratio of -6.31 and a beta of 0.15.

Intellinetics (NYSEAMERICAN:INLX) last announced its quarterly earnings data on Wednesday, August 12th. The company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.17). The business had revenue of $3.95 million for the quarter, compared to the consensus estimate of $4.87 million. Intellinetics had a negative net margin of 17.56% and a negative return on equity of 22.39%.

Hedge Funds Weigh In On Intellinetics

A hedge fund recently bought a new position in Intellinetics stock. Bard Associates Inc. bought a new stake in shares of Intellinetics, Inc. (NYSEAMERICAN:INLX) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 333,341 shares of the company’s stock, valued at approximately $1,833,000. Bard Associates Inc. owned about 7.42% of Intellinetics at the end of the most recent quarter. Institutional investors and hedge funds own 0.75% of the company’s stock.

About Intellinetics

Intellinetics, Inc is a software and information-management company that provides cloud-based solutions for capturing, organizing, securing, and automating business documents and records. Its offerings are designed to help organizations replace paper-based processes with digital workflows and improve access to critical information.

The company’s products and services include document management, content management, document imaging, workflow automation, and records-management capabilities.