Innodata (NASDAQ:INOD) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Innodata (NASDAQ:INODGet Rating) in a research note issued to investors on Tuesday. The firm set a “hold” rating on the technology company’s stock.

Separately, TheStreet raised Innodata from a “d+” rating to a “c” rating in a research report on Thursday, April 14th.

INOD opened at $7.08 on Tuesday. The firm has a market cap of $192.31 million, a price-to-earnings ratio of -117.98 and a beta of 2.06. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.21. Innodata has a 12 month low of $4.57 and a 12 month high of $11.25. The stock has a fifty day moving average price of $6.39 and a 200-day moving average price of $6.89.

A number of hedge funds have recently modified their holdings of INOD. Renaissance Technologies LLC lifted its position in shares of Innodata by 6.6% in the fourth quarter. Renaissance Technologies LLC now owns 1,135,290 shares of the technology company’s stock valued at $6,721,000 after acquiring an additional 70,600 shares in the last quarter. Millennium Management LLC lifted its position in shares of Innodata by 338.6% in the fourth quarter. Millennium Management LLC now owns 55,870 shares of the technology company’s stock valued at $331,000 after acquiring an additional 43,133 shares in the last quarter. Compass Ion Advisors LLC increased its holdings in shares of Innodata by 131.4% in the first quarter. Compass Ion Advisors LLC now owns 57,838 shares of the technology company’s stock valued at $404,000 after purchasing an additional 32,838 shares during the last quarter. Morgan Stanley acquired a new stake in shares of Innodata in the second quarter valued at approximately $221,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Innodata by 7.6% in the third quarter. Dimensional Fund Advisors LP now owns 285,931 shares of the technology company’s stock valued at $2,725,000 after purchasing an additional 20,087 shares during the last quarter. Institutional investors own 16.42% of the company’s stock.

About Innodata (Get Rating)

Innodata Inc operates as a global data engineering company in the United States, the United Kingdom, the Netherlands, Canada, and internationally. The company operates through three segments: Digital Data Solutions (DDS), Synodex, and Agility. The DDS segment offers AI-enabled software platforms and managed services to companies that require data for training AI and machine learning (ML) algorithms, and AI digital transformation solutions to help companies apply AI/ML for problems relating to analyzing and deriving insights from documents.

Featured Articles

Receive News & Ratings for Innodata Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Innodata and related companies with MarketBeat.com's FREE daily email newsletter.