Intellinetics (NYSEAMERICAN:INLX) Trading Down 0.3% – Here’s Why

Shares of Intellinetics, Inc. (NYSEAMERICAN:INLX) dropped 0.3% on Thursday . The company traded as low as $5.91 and last traded at $6.00. 635 shares traded hands during trading, a decline of 91% from the average daily volume of 6,827 shares. The stock had previously closed at $6.02.

Intellinetics Stock Down 0.4%

The stock has a market capitalization of $26.83 million, a P/E ratio of -11.27 and a beta of 0.15. The company has a current ratio of 0.90, a quick ratio of 0.87 and a debt-to-equity ratio of 0.01. The stock’s 50 day simple moving average is $6.35 and its 200 day simple moving average is $7.25.

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

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Intellinetics stock. Bard Associates Inc. grew its position in Intellinetics, Inc. (NYSEAMERICAN:INLX) by 51.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 332,447 shares of the company’s stock after acquiring an additional 112,778 shares during the quarter. Bard Associates Inc. owned approximately 7.42% of Intellinetics worth $2,652,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 0.75% of the company’s stock.

Intellinetics Company Profile

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.