Innodata Director Acquires $4,960 in Stock (INOD)
Innodata (NASDAQ:INOD) Director Stewart R. Massey purchased 1,600 shares of Innodata stock in a transaction that occurred on Monday, August 25th. The stock was purchased at an average cost of $3.10 per share, for a total transaction of $4,960.00. Following the completion of the purchase, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $31,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Innodata (NASDAQ:INOD) traded down 0.32% on Thursday, hitting $3.08. The stock had a trading volume of 3,488 shares. 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 $3.06 and a 200-day moving average of $3.0. The company’s market cap is $77.8 million.
Innodata (NASDAQ:INOD) last posted its quarterly earnings results on Wednesday, July 30th. The company reported ($0.03) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.02) by $0.01. On average, analysts predict that Innodata will post $-0.01 earnings per share for the current fiscal year.
Separately, analysts at Zacks downgraded shares of Innodata from a “neutral” rating to an “underperform” rating in a research note on Monday, August 4th. They now have a $2.80 price target on the stock.
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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