Innodata Downgraded by Zacks to Neutral (INOD)
Innodata (NASDAQ:INOD) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a note issued to investors on Tuesday. They currently have a $3.50 target price on the stock. Zacks‘s price target indicates a potential upside of 13.27% from the company’s current price.
Innodata (NASDAQ:INOD) traded down 4.04% during mid-day trading on Tuesday, hitting $3.09. 18,929 shares of the company’s stock traded hands. Innodata has a one year low of $2.21 and a one year high of $3.49. The stock has a 50-day moving average of $3.11 and a 200-day moving average of $2.9. The company’s market cap is $77.4 million.
Innodata (NASDAQ:INOD) last announced its earnings results on Tuesday, April 29th. The company reported $0.01 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.01) by $0.02. On average, analysts predict that Innodata will post $0.02 earnings per share for the current fiscal year.
Innodata Inc, formerly Innodata Isogen, Inc, is a provider of business process, technology and consulting services, as well as products and solutions that help its clients create, manage, use and distribute digital information.
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