Intellinetics (OTCMKTS:INLX) Trading Up 3.6%

Intellinetics, Inc. (OTCMKTS:INLX)’s stock price traded up 3.6% during mid-day trading on Monday . The company traded as high as $9.14 and last traded at $9.10. 14,034 shares changed hands during mid-day trading, an increase of 3% from the average session volume of 13,619 shares. The stock had previously closed at $8.78.

Intellinetics Price Performance

The company’s 50 day simple moving average is $7.39 and its 200-day simple moving average is $7.48. The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $37.44 million, a price-to-earnings ratio of 151.67 and a beta of 0.35.

Intellinetics (OTCMKTS:INLX) last released its earnings results on Tuesday, August 13th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.02). Intellinetics had a return on equity of 7.71% and a net margin of 4.09%. The firm had revenue of $4.64 million during the quarter, compared to analysts’ expectations of $4.61 million. On average, equities research analysts predict that Intellinetics, Inc. will post 0.13 earnings per share for the current fiscal year.

Insider Activity at Intellinetics

In related news, Director John C. Guttilla acquired 10,000 shares of the business’s stock in a transaction dated Wednesday, May 29th. The shares were acquired at an average cost of $6.60 per share, for a total transaction of $66,000.00. Following the acquisition, the director now directly owns 18,405 shares in the company, valued at approximately $121,473. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 8.36% of the company’s stock.

About Intellinetics

Intellinetics, Inc designs, develops, tests, markets, and licenses document services and software solutions in the United States. The company operates in two segments, Document Management and Document Conversion. Its software platform allows its customers to capture and manage documents across operations, such as scanned hard-copy documents and digital documents, including Microsoft Office 365, digital images, audio, videos, and emails.