Intellinetics (OTCMKTS:INLX) Trading 5.8% Higher

Shares of Intellinetics, Inc. (OTCMKTS:INLX) shot up 5.8% during trading on Monday . The stock traded as high as $7.74 and last traded at $7.74. 12,787 shares traded hands during mid-day trading, a decline of 7% from the average session volume of 13,796 shares. The stock had previously closed at $7.32.

Intellinetics Stock Performance

The firm has a market cap of $31.84 million, a PE ratio of 129.00 and a beta of 0.35. 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’s 50 day simple moving average is $6.88 and its 200 day simple moving average is $7.17.

Intellinetics (OTCMKTS:INLX) last announced its earnings results on Tuesday, May 14th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.08). The business had revenue of $4.51 million for the quarter, compared to analysts’ expectations of $4.24 million. Intellinetics had a net margin of 4.09% and a return on equity of 7.71%. On average, research analysts forecast that Intellinetics, Inc. will post 0.13 EPS for the current fiscal year.

Insider Activity

In other news, Director John C. Guttilla purchased 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 29th. The shares were bought at an average cost of $6.60 per share, for a total transaction of $66,000.00. Following the acquisition, the director now owns 18,405 shares of the company’s stock, valued at approximately $121,473. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 8.36% 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, audio, videos, and emails.