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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.

To view Zacks’ full report, visit Zacks’ official website.

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