Shares of Intellinetics, Inc. (OTCMKTS:INLX - Get Free Report) dropped 0.7% on Tuesday . The company traded as low as $12.20 and last traded at $12.20. Approximately 4,493 shares were traded during mid-day trading, a decline of 17% from the average daily volume of 5,411 shares. The stock had previously closed at $12.29.
Intellinetics Trading Down 0.9 %
The stock has a market capitalization of $51.32 million, a price-to-earnings ratio of 80.87 and a beta of 0.39. The company has a current ratio of 0.91, a quick ratio of 0.89 and a debt-to-equity ratio of 0.31. The company has a fifty day moving average of $13.09 and a two-hundred day moving average of $12.64.
Insider Buying and Selling at Intellinetics
In related news, Director John C. Guttilla bought 3,500 shares of Intellinetics stock in a transaction that occurred on Thursday, December 5th. The stock was acquired at an average price of $14.50 per share, for a total transaction of $50,750.00. Following the completion of the purchase, the director now owns 21,905 shares in the company, valued at approximately $317,622.50. This represents a 19.02 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 32.08% of the company's stock.
Institutional Investors Weigh In On Intellinetics
An institutional investor recently raised its position in Intellinetics stock. Bard Associates Inc. boosted its holdings in Intellinetics, Inc. (OTCMKTS:INLX - Free Report) by 2.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 110,567 shares of the company's stock after acquiring an additional 2,922 shares during the quarter. Bard Associates Inc. owned 2.61% of Intellinetics worth $1,237,000 at the end of the most recent quarter. 0.75% of the stock is owned by institutional investors.
Intellinetics Company Profile
(
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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.
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