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

Intellinetics, Inc. (OTCMKTS:INLX)’s stock price was down 3.2% during trading on Thursday . The company traded as low as $13.85 and last traded at $13.94. Approximately 2,982 shares changed hands 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 $58.98 million, a price-to-earnings ratio of 278.80 and a beta of 0.38. 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 business’s 50 day simple moving average is $11.59 and its 200-day simple moving average is $8.82.

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