Innodata (INOD) to Release Quarterly Earnings on Thursday

Innodata (NASDAQ:INOD – Get Rating) will announce its earnings results after the market closes on Thursday, May 12th.

INOD opened at $8.49 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.59 and a quick ratio of 1.59. The stock has a market capitalization of $230.76 million, a price-to-earnings ratio of -141.48 and a beta of 1.90. The business has a 50-day moving average of $6.79 and a two-hundred day moving average of $6.81. Innodata has a 12 month low of $4.57 and a 12 month high of $11.25.

Several analysts have commented on INOD shares. StockNews.com started coverage on Innodata in a report on Wednesday. They issued a “hold” rating for the company. TheStreet upgraded Innodata from a “d+” rating to a “c” rating in a report on Thursday, April 14th.

Institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA acquired a new stake in Innodata during the 4th quarter worth approximately $28,000. Millennium Management LLC acquired a new stake in Innodata during the 3rd quarter worth approximately $121,000. JPMorgan Chase & Co. increased its position in Innodata by 93.4% during the 4th quarter. JPMorgan Chase & Co. now owns 24,430 shares of the technology company’s stock worth $145,000 after purchasing an additional 11,798 shares in the last quarter. Morgan Stanley acquired a new stake in Innodata during the 2nd quarter worth approximately $221,000. Finally, Stifel Financial Corp increased its position in Innodata by 8.1% during the 4th quarter. Stifel Financial Corp now owns 40,000 shares of the technology company’s stock worth $237,000 after purchasing an additional 3,000 shares in the last quarter. 17.01% of the stock is owned by hedge funds and other institutional investors.

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.

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