Intellinetics (OTCMKTS:INLX) Shares Down 0.1% – What’s Next?

Shares of Intellinetics, Inc. (OTCMKTS:INLX) fell 0.1% on Friday . The company traded as low as $7.97 and last traded at $7.97. 502 shares changed hands during trading, a decline of 90% from the average session volume of 5,002 shares. The stock had previously closed at $7.98.

Analyst Upgrades and Downgrades

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

Intellinetics Trading Down 0.1%

The firm has a market capitalization of $35.70 million, a price-to-earnings ratio of 53.14 and a beta of 0.16. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.89 and a current ratio of 0.91. The company has a 50-day moving average price of $8.71 and a 200-day moving average price of $10.63.

Insider Transactions at Intellinetics

In other Intellinetics news, major shareholder Robert Taglich sold 35,732 shares of the stock in a transaction that occurred on Tuesday, October 7th. The shares were sold at an average price of $11.00, for a total value of $393,052.00. Following the transaction, the insider directly owned 458,642 shares in the company, valued at $5,045,062. This represents a 7.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 31.59% of the stock is owned by company insiders.

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.