Intellinetics (NYSEAMERICAN:INLX) Trading Down 3% – Time to Sell?

Shares of Intellinetics, Inc. (NYSEAMERICAN:INLX) traded down 3% during mid-day trading on Monday . The company traded as low as $5.13 and last traded at $5.50. 15,313 shares changed hands during trading, an increase of 203% from the average session volume of 5,058 shares. The stock had previously closed at $5.67.

Intellinetics Trading Up 4.8%

The company has a quick ratio of 0.73, a current ratio of 0.75 and a debt-to-equity ratio of 0.01. The company has a 50-day moving average price of $5.50 and a 200-day moving average price of $6.40. The company has a market capitalization of $24.00 million, a price-to-earnings ratio of -8.35 and a beta of 0.13.

Intellinetics (NYSEAMERICAN:INLX) last announced its earnings results on Wednesday, August 12th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate 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 number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. acquired a new position in Intellinetics during the 2nd quarter valued at $50,000. Essex Financial Services Inc. acquired a new stake in Intellinetics in the 4th quarter worth $90,000. Finally, Bard Associates Inc. bought a new position in shares of Intellinetics during the 2nd quarter worth about $1,833,000. Institutional investors own 0.75% of the company’s stock.

Intellinetics Company Profile

Intellinetics, Inc is a provider of enterprise content management and digital transformation solutions designed to help organizations streamline document-centric processes and improve operational efficiency. The company’s platform enables clients to capture, store, manage and retrieve both paper and electronic records through a unified system, reducing reliance on manual workflows and minimizing the risks associated with paper-based information handling.

The company offers a range of software products and professional services aimed at automating business processes and ensuring secure, compliant access to critical data.