Intellinetics (OTCMKTS:INLX) Stock Price Down 0.9% – Here’s What Happened

Intellinetics, Inc. (OTCMKTS:INLX)’s share price was down 0.9% during mid-day trading on Thursday . The company traded as low as $13.35 and last traded at $13.35. Approximately 14,418 shares changed hands during trading, an increase of 13% from the average daily volume of 12,732 shares. The stock had previously closed at $13.47.

Intellinetics Stock Down 4.8 %

The company’s 50-day simple moving average is $10.33 and its 200 day simple moving average is $8.24. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.91 and a quick ratio of 0.89. The firm has a market cap of $52.29 million, a P/E ratio of 211.83 and a beta of 0.38.

Intellinetics (OTCMKTS:INLX) last released its quarterly 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 company had revenue of $4.64 million during the quarter, compared to analysts’ expectations of $4.61 million. Research analysts anticipate that Intellinetics, Inc. will post 0.13 EPS for the current fiscal year.

Intellinetics Company Profile

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.