Intellinetics (OTCMKTS:INLX) Stock Price Up 1.3% – Should You Buy?

Intellinetics, Inc. (OTCMKTS:INLX) shares rose 1.3% on Friday . The company traded as high as $8.01 and last traded at $8.1050. Approximately 312 shares were traded during trading, a decline of 91% from the average daily volume of 3,312 shares. The stock had previously closed at $8.00.

Analyst Ratings Changes

Separately, Zacks Research downgraded shares of Intellinetics from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 13th. One analyst has rated the stock with a Hold rating, According to MarketBeat, Intellinetics has a consensus rating of “Hold”.

Intellinetics Stock Performance

The company’s 50-day moving average is $8.13 and its two-hundred day moving average is $9.66. The company has a quick ratio of 0.89, a current ratio of 0.91 and a debt-to-equity ratio of 0.31. The company has a market cap of $36.30 million, a P/E ratio of 54.04 and a beta of 0.15.

Institutional Trading of Intellinetics

A hedge fund recently bought a new stake in Intellinetics stock. Essex Financial Services Inc. bought a new stake in Intellinetics, Inc. (OTCMKTS:INLX) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,338 shares of the company’s stock, valued at approximately $90,000. Essex Financial Services Inc. owned 0.25% of Intellinetics at the end of the most recent reporting period. 0.75% of the stock is owned by hedge funds and other institutional investors.

About Intellinetics

Intellinetics, Inc, traded on the OTC Markets under the ticker INLX, is a Houston-based provider of enterprise content management, document imaging, and workflow automation solutions. The company designs and implements systems that enable organizations to capture, store, and retrieve both digital and paper documents through intuitive interfaces and seamless integration with existing IT environments.

The firm’s flagship platform, Info-Share, combines document capture, optical character recognition (OCR) and configurable workflow tools to streamline processes such as billing, accounts payable, and records management.