Intellinetics (OTCMKTS:INLX) Shares Up 6%

Intellinetics, Inc. (OTCMKTS:INLX)’s share price traded up 6% on Monday . The stock traded as high as $7.78 and last traded at $7.64. 37,412 shares changed hands during mid-day trading, an increase of 72% from the average session volume of 21,761 shares. The stock had previously closed at $7.20.

Intellinetics Stock Up 5.7 %

The stock has a 50-day moving average of $7.44 and a 200-day moving average of $5.54. The company has a quick ratio of 0.89, a current ratio of 0.91 and a debt-to-equity ratio of 0.31. The company has a market cap of $35.65 million, a PE ratio of 55.20 and a beta of 0.33.

Institutional Trading of Intellinetics

An institutional investor recently bought a new position in Intellinetics stock. Susquehanna International Group LLP purchased a new position in Intellinetics, Inc. (OTCMKTS:INLX) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 17,691 shares of the company’s stock, valued at approximately $71,000. Susquehanna International Group LLP owned approximately 0.43% of Intellinetics at the end of the most recent reporting period. 0.03% of the stock is currently owned by hedge funds and other institutional investors.

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, audios, videos, and emails.