Intellinetics (OTCMKTS:INLX – Get Free Report) is anticipated to issue its results before the market opens on Wednesday, November 12th. Analysts expect the company to announce earnings of ($0.10) per share for the quarter.
Intellinetics Trading Down 2.7%
Shares of OTCMKTS:INLX opened at $9.05 on Monday. The company has a 50 day moving average of $11.15 and a 200-day moving average of $11.86. The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 0.31. The firm has a market cap of $40.53 million, a P/E ratio of 60.34 and a beta of 0.18. Intellinetics has a twelve month low of $8.74 and a twelve month high of $16.50.
Wall Street Analysts Forecast Growth
Separately, Zacks Research upgraded Intellinetics from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 15th. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the company presently has a consensus rating of “Strong Buy”.
Insider Activity
In other news, major shareholder Robert Taglich sold 35,732 shares of Intellinetics stock in a transaction that occurred on Tuesday, October 7th. The shares were sold at an average price of $11.00, for a total value of $393,052.00. Following the transaction, the insider owned 458,642 shares of the company’s stock, valued at $5,045,062. The trade was a 7.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 31.59% of the stock is owned by corporate insiders.
Intellinetics Company Profile
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.
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