Innodata (INOD) Releases Earnings Results

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Innodata (NASDAQ:INOD) announced its earnings results on Thursday. The technology company reported ($0.03) earnings per share (EPS) for the quarter, Morningstar.com reports. Innodata had a negative return on equity of 5.57% and a negative net margin of 6.59%. The business had revenue of $14.05 million for the quarter. Innodata updated its Q4 2018 guidance to EPS.

Shares of NASDAQ INOD traded up $0.04 during midday trading on Friday, reaching $1.51. 56,438 shares of the company’s stock were exchanged, compared to its average volume of 34,089. Innodata has a 52-week low of $0.88 and a 52-week high of $1.54. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.13.

In other Innodata news, major shareholder Nauman Sabeeh Toor bought 26,107 shares of the company’s stock in a transaction dated Wednesday, September 19th. The shares were acquired at an average cost of $1.29 per share, with a total value of $33,678.03. Following the completion of the transaction, the insider now owns 338,753 shares in the company, valued at $436,991.37. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last ninety days, insiders have bought 472,001 shares of company stock worth $656,680. Corporate insiders own 13.40% of the company’s stock.

A hedge fund recently raised its stake in Innodata stock. Luzich Partners LLC lifted its holdings in shares of Innodata Inc (NASDAQ:INOD) by 42.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,876,174 shares of the technology company’s stock after acquiring an additional 559,624 shares during the quarter. Innodata accounts for about 1.8% of Luzich Partners LLC’s investment portfolio, making the stock its 11th biggest position. Luzich Partners LLC owned approximately 7.25% of Innodata worth $1,876,000 as of its most recent SEC filing. Institutional investors own 22.63% of the company’s stock.

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About Innodata

Innodata Inc, a digital services and solutions company, provides technology solutions and services worldwide. The company operates through three segments: Digital Data Solutions (DDS), Innodata Advanced Data Solutions (IADS), and Media Intelligence Solutions (MIS). The DDS segment produces and distributes e-books; develops new digital information products; and provides operational support services for existing digital information products and systems, including content aggregation, extraction, encoding, indexing and abstracting, fabrication, and distribution.

Further Reading: What is a Call Option?

Earnings History for Innodata (NASDAQ:INOD)

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