Intellinetics (NYSEAMERICAN:INLX) Stock Price Down 0.3% – Time to Sell?

Intellinetics, Inc. (NYSEAMERICAN:INLX) fell 0.3% during mid-day trading on Thursday . The company traded as low as $5.91 and last traded at $6.00. Approximately 635 shares changed hands during mid-day trading, a decline of 91% from the average daily volume of 6,827 shares. The stock had previously closed at $6.02.

Intellinetics Stock Performance

The firm’s 50 day simple moving average is $6.37 and its 200 day simple moving average is $7.26. The firm has a market cap of $26.94 million, a PE ratio of -11.32 and a beta of 0.15. The company has a current ratio of 0.90, a quick ratio of 0.87 and a debt-to-equity ratio of 0.01.

Intellinetics (NYSEAMERICAN:INLX) last issued its quarterly earnings data on Thursday, May 14th. The company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.22). Intellinetics had a negative net margin of 14.31% and a negative return on equity of 16.89%. 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

An institutional investor recently raised its stake in Intellinetics stock. Bard Associates Inc. raised its position in shares of Intellinetics, Inc. (NYSEAMERICAN:INLX) by 51.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 332,447 shares of the company’s stock after buying an additional 112,778 shares during the quarter. Bard Associates Inc. owned about 7.42% of Intellinetics worth $2,652,000 as of its most recent SEC filing. 0.75% of the stock is owned by institutional investors.

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.