Intellinetics (NYSEAMERICAN:INLX) Trading 0.4% Higher – Time to Buy?

Intellinetics, Inc. (NYSEAMERICAN:INLX) was up 0.4% on Friday . The stock traded as high as $6.25 and last traded at $6.2760. Approximately 3,415 shares traded hands during trading, an increase of 157% from the average daily volume of 1,330 shares. The stock had previously closed at $6.25.

Intellinetics Stock Performance

The company has a current ratio of 0.90, a quick ratio of 0.87 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $28.18 million, a PE ratio of -11.84 and a beta of 0.16. The firm’s 50-day simple moving average is $7.06 and its two-hundred day simple moving average is $7.71.

Intellinetics (NYSEAMERICAN:INLX) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.22). Intellinetics had a negative return on equity of 16.89% and a negative net margin of 14.31%.The firm had revenue of $3.91 million for the quarter, compared to analysts’ expectations of $4.55 million.

Hedge Funds Weigh In On Intellinetics

A hedge fund recently bought a new stake in Intellinetics stock. Essex Financial Services Inc. acquired a new position in shares of Intellinetics, Inc. (NYSEAMERICAN:INLX) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 11,338 shares of the company’s stock, valued at approximately $90,000. Essex Financial Services Inc. owned approximately 0.25% of Intellinetics as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 0.75% of the company’s stock.

Intellinetics Company Profile

Intellinetics, Inc is a provider of enterprise content management and digital transformation solutions designed to help organizations streamline document-centric processes and improve operational efficiency. The company’s platform enables clients to capture, store, manage and retrieve both paper and electronic records through a unified system, reducing reliance on manual workflows and minimizing the risks associated with paper-based information handling.

The company offers a range of software products and professional services aimed at automating business processes and ensuring secure, compliant access to critical data.