Intellinetics, Inc. (OTCMKTS:INLX) Position Raised by Bard Associates Inc.

Bard Associates Inc. boosted its holdings in Intellinetics, Inc. (OTCMKTS:INLX) by 2.7% during the 3rd quarter, Holdings Channel.com reports. The fund owned 110,567 shares of the company’s stock after purchasing an additional 2,922 shares during the quarter. Bard Associates Inc.’s holdings in Intellinetics were worth $1,237,000 at the end of the most recent reporting period.

Intellinetics Trading Down 12.9 %

OTCMKTS:INLX opened at $12.93 on Friday. The stock has a fifty day simple moving average of $12.43 and a 200 day simple moving average of $9.29. The firm has a market capitalization of $54.71 million, a price-to-earnings ratio of 258.61 and a beta of 0.34. Intellinetics, Inc. has a 1-year low of $3.76 and a 1-year high of $15.33. The company has a quick ratio of 0.89, a current ratio of 0.91 and a debt-to-equity ratio of 0.31.

Intellinetics (OTCMKTS:INLX) last posted its quarterly earnings data on Tuesday, August 13th. The company reported $0.02 earnings per share 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 for the quarter, compared to analysts’ expectations of $4.61 million. Sell-side analysts forecast that Intellinetics, Inc. will post 0.13 earnings per share for the current year.

Intellinetics 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.