Intellinetics, Inc. (OTCMKTS:INLX – Get Free Report) shot up 2.8% during mid-day trading on Monday . The company traded as high as $3.93 and last traded at $3.93. 3,096 shares changed hands during mid-day trading, a decline of 32% from the average session volume of 4,527 shares. The stock had previously closed at $3.82.
Analysts Set New Price Targets
Separately, TheStreet raised Intellinetics from a “d” rating to a “c-” rating in a research report on Tuesday, August 22nd.
Intellinetics Stock Up 2.8 %
Intellinetics (OTCMKTS:INLX – Get Free Report) last posted its quarterly earnings data on Monday, August 14th. The company reported $0.03 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.03. Intellinetics had a return on equity of 7.71% and a net margin of 4.09%. The company had revenue of $4.26 million during the quarter, compared to analysts’ expectations of $4.19 million. As a group, equities analysts predict that Intellinetics, Inc. will post 0.13 EPS for the current year.
Institutional Trading of Intellinetics
An institutional investor recently bought a new position in Intellinetics stock. Susquehanna International Group LLP purchased a new stake in Intellinetics, Inc. (OTCMKTS:INLX – Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 17,691 shares of the company’s stock, valued at approximately $71,000. Susquehanna International Group LLP owned 0.43% of Intellinetics at the end of the most recent reporting period. Institutional investors and hedge funds own 0.03% of the company’s stock.
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, audios, videos, and emails.
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