Intellinetics (NYSEAMERICAN:INLX) Shares Up 1.1% – Here’s Why

Shares of Intellinetics, Inc. (NYSEAMERICAN:INLX) were up 1.1% during mid-day trading on Friday . The stock traded as high as $5.46 and last traded at $5.52. 289 shares were traded during trading, a decline of 77% from the average daily volume of 1,283 shares. The stock had previously closed at $5.46.

Intellinetics Price Performance

The company has a 50 day moving average of $5.92 and a two-hundred day moving average of $6.99. The firm has a market cap of $24.78 million, a P/E ratio of -10.41 and a beta of 0.15. The company has a quick ratio of 0.87, a current ratio of 0.90 and a debt-to-equity ratio of 0.01.

Intellinetics (NYSEAMERICAN:INLX) last released its quarterly earnings data on Thursday, May 14th. The company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.22). Intellinetics had a negative return on equity of 16.89% and a negative net margin of 14.31%.The company had revenue of $3.91 million for the quarter, compared to the consensus estimate of $4.55 million.

Institutional Investors Weigh In On Intellinetics

An institutional investor recently raised its position in Intellinetics stock. Bard Associates Inc. grew its holdings in Intellinetics, Inc. (NYSEAMERICAN:INLX) by 51.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 332,447 shares of the company’s stock after purchasing an additional 112,778 shares during the period. Bard Associates Inc. owned approximately 7.42% of Intellinetics worth $2,652,000 as of its most recent SEC filing. 0.75% of the stock is currently owned by institutional investors and hedge funds.

About Intellinetics

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.