Intellinetics (OTCMKTS:INLX) Trading 5.8% Higher

Intellinetics, Inc. (OTCMKTS:INLX)’s stock price traded up 5.8% during mid-day trading on Monday . The company traded as high as $7.74 and last traded at $7.74. 12,787 shares changed hands during mid-day trading, a decline of 7% from the average session volume of 13,796 shares. The stock had previously closed at $7.32.

Intellinetics Trading Up 5.8 %

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 stock has a market capitalization of $31.84 million, a price-to-earnings ratio of 129.00 and a beta of 0.35. The business has a 50 day simple moving average of $6.88 and a 200-day simple moving average of $7.17.

Intellinetics (OTCMKTS:INLX) last posted its quarterly earnings data on Tuesday, May 14th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.08). The firm had revenue of $4.51 million for the quarter, compared to analyst estimates of $4.24 million. Intellinetics had a return on equity of 7.71% and a net margin of 4.09%. As a group, equities analysts expect that Intellinetics, Inc. will post 0.13 earnings per share for the current year.

Insider Activity at Intellinetics

In related news, Director John C. Guttilla purchased 10,000 shares of Intellinetics stock in a transaction that occurred on Wednesday, May 29th. The stock was purchased at an average cost of $6.60 per share, with a total value of $66,000.00. Following the completion of the transaction, the director now owns 18,405 shares of the company’s stock, valued at approximately $121,473. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 8.36% of the company’s stock.

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.