Innodata Inc. (INOD) Issues Quarterly Earnings Results
Innodata Inc. (NASDAQ:INOD) announced its earnings results on Tuesday. The technology company reported ($0.04) earnings per share (EPS) for the quarter, Bloomberg Earnings reports. Innodata had a negative net margin of 9.11% and a negative return on equity of 11.99%.
Shares of Innodata (NASDAQ:INOD) traded up $0.05 during trading hours on Tuesday, reaching $1.20. 89,907 shares of the company’s stock traded hands, compared to its average volume of 77,770. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.69 and a current ratio of 1.69. Innodata has a 52 week low of $1.10 and a 52 week high of $2.45.
A hedge fund recently raised its stake in Innodata stock. Northern Trust Corp raised its position in shares of Innodata Inc. (NASDAQ:INOD) by 3.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 62,309 shares of the technology company’s stock after purchasing an additional 1,800 shares during the quarter. Northern Trust Corp owned 0.24% of Innodata worth $109,000 at the end of the most recent quarter. 19.74% of the stock is currently owned by institutional investors.
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Innodata Inc is a digital services and solutions company. The Company’s technology and services power information products and online retail destinations around the world. Its segments include Content Services (CS), Innodata Advanced Data Solutions (IADS) and Media Intelligence Solutions (MIS). The CS segment provides solutions, such as development of digital content (including e-books), development of digital information products, and operational support of digital information products and systems.
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