Intellinetics (OTCMKTS:INLX) Trading Down 0.9% – Here’s What Happened

Intellinetics, Inc. (OTCMKTS:INLX)’s stock price was down 0.9% on Thursday . The company traded as low as $13.35 and last traded at $13.35. Approximately 14,418 shares traded hands during mid-day trading, an increase of 13% from the average daily volume of 12,732 shares. The stock had previously closed at $13.47.

Intellinetics Price Performance

The stock has a 50 day moving average of $10.23 and a two-hundred day moving average of $8.21. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.89 and a current ratio of 0.91. The stock has a market cap of $54.92 million, a PE ratio of 222.50 and a beta of 0.38.

Intellinetics (OTCMKTS:INLX) last posted its quarterly earnings data on Tuesday, August 13th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.02). Intellinetics had a return on equity of 7.71% and a net margin of 4.09%. The firm had revenue of $4.64 million for the quarter, compared to analysts’ expectations of $4.61 million. Equities analysts anticipate that Intellinetics, Inc. will post 0.13 EPS for the current year.

About Intellinetics

Intellinetics, Inc designs, develops, tests, markets, and licenses document services and software solutions in the United States. The company operates in two segments, Document Management and Document Conversion. Its software platform allows its customers to capture and manage documents across operations, such as scanned hard-copy documents and digital documents, including Microsoft Office 365, digital images, audio, videos, and emails.