Intellinetics (OTCMKTS:INLX) Trading Down 3.2% – Should You Sell?

Intellinetics, Inc. (OTCMKTS:INLX) was down 3.2% during mid-day trading on Thursday . The company traded as low as $13.85 and last traded at $13.94. Approximately 2,982 shares were traded during trading, a decline of 76% from the average daily volume of 12,270 shares. The stock had previously closed at $14.40.

Intellinetics Price Performance

The stock has a market capitalization of $59.15 million, a price-to-earnings ratio of 279.60 and a beta of 0.38. The business’s fifty day moving average price is $11.68 and its 200-day moving average price is $8.87. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.91 and a quick ratio of 0.89.

Intellinetics (OTCMKTS:INLX) last released its quarterly earnings results on Tuesday, August 13th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.02). The firm had revenue of $4.64 million for the quarter, compared to analysts’ expectations of $4.61 million. Intellinetics had a return on equity of 7.71% and a net margin of 4.09%. On average, research analysts forecast that Intellinetics, Inc. will post 0.13 EPS for the current year.

About Intellinetics

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.