Innodata (NASDAQ:INOD) Upgraded to "Sell" at StockNews.com

Innodata (NASDAQ:INOD - Get Free Report) was upgraded by StockNews.com to a "sell" rating in a note issued to investors on Friday.

Several other equities analysts have also weighed in on INOD. BWS Financial upped their price objective on shares of Innodata from $30.00 to $45.00 and gave the company a "buy" rating in a report on Friday. Maxim Group began coverage on shares of Innodata in a report on Monday, July 15th. They issued a "buy" rating and a $30.00 target price on the stock. Finally, Craig Hallum began coverage on shares of Innodata in a report on Tuesday, September 17th. They issued a "buy" rating and a $23.00 target price on the stock. One research analyst has rated the stock with a sell rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $32.67.

Innodata Stock Up 75.8 %

Shares of NASDAQ INOD traded up $18.44 during trading on Friday, hitting $42.78. 9,581,455 shares of the company traded hands, compared to its average volume of 658,426. The business's fifty day moving average is $17.71 and its 200 day moving average is $15.66. Innodata has a fifty-two week low of $5.46 and a fifty-two week high of $43.65. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 72.51 and a beta of 2.30. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.45 and a current ratio of 1.45.

Institutional Investors Weigh In On Innodata

Institutional investors have recently added to or reduced their stakes in the company. nVerses Capital LLC bought a new stake in Innodata in the 2nd quarter worth about $27,000. Elkhorn Partners Limited Partnership bought a new stake in Innodata in the 1st quarter worth about $94,000. Private Advisor Group LLC grew its position in Innodata by 17.4% in the 3rd quarter. Private Advisor Group LLC now owns 14,907 shares of the technology company's stock worth $250,000 after purchasing an additional 2,207 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in Innodata by 6.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 15,348 shares of the technology company's stock worth $102,000 after purchasing an additional 982 shares in the last quarter. Finally, Principal Financial Group Inc. bought a new stake in Innodata in the 3rd quarter worth about $311,000. 30.75% of the stock is owned by institutional investors.

About Innodata

Innodata Inc operates as a global data engineering company in the United States, the United Kingdom, the Netherlands, Canada, and internationally. The company operates through three segments: Digital Data Solutions (DDS), Synodex, and Agility. The DDS segment engages in the provision of artificial intelligence (AI) data preparation services; collecting or creating training data; annotating training data; and training AI algorithms for its customers, as well as AI model deployment and integration services.

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