Intellinetics (NYSEAMERICAN:INLX) Shares Up 0.4% – Time to Buy?

Intellinetics, Inc. (NYSEAMERICAN:INLX)’s stock price shot up 0.4% during mid-day trading on Friday . The company traded as high as $6.25 and last traded at $6.2760. 3,415 shares traded hands during trading, an increase of 157% from the average session volume of 1,330 shares. The stock had previously closed at $6.25.

Intellinetics Stock Up 0.4%

The business’s 50 day simple moving average is $7.06 and its 200-day simple moving average is $7.71. The company has a market cap of $28.18 million, a price-to-earnings ratio of -11.84 and a beta of 0.16. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.87 and a current ratio of 0.90.

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

Institutional Investors Weigh In On Intellinetics

A hedge fund recently raised its stake in Intellinetics stock. Bard Associates Inc. lifted its holdings in Intellinetics, Inc. (NYSEAMERICAN:INLX) by 51.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 332,447 shares of the company’s stock after purchasing an additional 112,778 shares during the period. Bard Associates Inc. owned 7.42% of Intellinetics worth $2,652,000 at the end of the most recent reporting period. Institutional investors own 0.75% of the company’s stock.

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.