Intellinetics (OTCMKTS:INLX) Trading Up 2.3% – Still a Buy?

Shares of Intellinetics, Inc. (OTCMKTS:INLX) traded up 2.3% on Monday . The stock traded as high as $7.67 and last traded at $7.67. 306 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 2,600 shares. The stock had previously closed at $7.50.

Analyst Upgrades and Downgrades

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

Intellinetics Stock Down 2.6%

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 fifty day moving average price of $7.93 and a 200-day moving average price of $9.31. The stock has a market capitalization of $33.46 million, a P/E ratio of 49.80 and a beta of 0.18.

Institutional Trading of Intellinetics

A hedge fund recently raised its stake in Intellinetics stock. Bard Associates Inc. grew its position in shares of Intellinetics, Inc. (OTCMKTS:INLX) by 51.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 332,447 shares of the company’s stock after acquiring an additional 112,778 shares during the quarter. Bard Associates Inc. owned about 7.42% of Intellinetics worth $2,652,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 0.75% of the company’s stock.

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.