Intellinetics (OTCMKTS:INLX) Trading 1.3% Higher – What’s Next?

Intellinetics, Inc. (OTCMKTS:INLX)’s share price rose 1.3% during trading on Friday . The stock traded as high as $8.00 and last traded at $8.00. Approximately 2,854 shares traded hands during mid-day trading, a decline of 26% from the average daily volume of 3,875 shares. The stock had previously closed at $7.90.

Wall Street Analyst Weigh In

Separately, Zacks Research cut 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, Based on data from MarketBeat, Intellinetics currently has an average rating of “Hold”.

Intellinetics Stock Up 1.3%

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

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.