Intellinetics (OTCMKTS:INLX) Trading Up 1.3% – Time to Buy?

Intellinetics, Inc. (OTCMKTS:INLX)’s stock price shot up 1.3% on Friday . The company traded as high as $8.00 and last traded at $8.00. 2,854 shares were traded during trading, a decline of 26% from the average session volume of 3,875 shares. The stock had previously closed at $7.90.

Analysts Set New Price Targets

Separately, Zacks Research lowered Intellinetics from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 13th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Intellinetics presently has an average rating of “Hold”.

Intellinetics Stock Performance

The stock has a market capitalization of $35.83 million, a P/E ratio of 53.34 and a beta of 0.12. The stock’s 50-day simple moving average is $8.29 and its 200 day simple moving average is $10.22. 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 Company Profile

Intellinetics, Inc, traded on the OTC Markets under the ticker INLX, is a Houston-based provider of enterprise content management, document imaging, and workflow automation solutions. The company designs and implements systems that enable organizations to capture, store, and retrieve both digital and paper documents through intuitive interfaces and seamless integration with existing IT environments.

The firm’s flagship platform, Info-Share, combines document capture, optical character recognition (OCR) and configurable workflow tools to streamline processes such as billing, accounts payable, and records management.