Intellinetics (OTCMKTS:INLX) Stock Price Down 2.3% - What's Next?

Shares of Intellinetics, Inc. (OTCMKTS:INLX - Get Free Report) fell 2.3% on Monday . The company traded as low as $13.75 and last traded at $13.75. 1,169 shares traded hands during trading, a decline of 90% from the average session volume of 11,176 shares. The stock had previously closed at $14.07.

Intellinetics Price Performance

The stock has a market cap of $58.18 million, a P/E ratio of 91.67 and a beta of 0.39. 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 firm has a 50-day moving average price of $14.08 and a 200-day moving average price of $10.88.

Insider Buying and Selling

In other Intellinetics news, Director John C. Guttilla acquired 3,500 shares of the company's stock in a transaction that occurred on Thursday, December 5th. The shares were acquired at an average price of $14.50 per share, with a total value of $50,750.00. Following the completion of the purchase, the director now directly owns 21,905 shares of the company's stock, valued at approximately $317,622.50. The trade was a 19.02 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 32.08% of the stock is owned by insiders.

Hedge Funds Weigh In On Intellinetics

A hedge fund recently raised its stake in Intellinetics stock. Geode Capital Management LLC raised its position in shares of Intellinetics, Inc. (OTCMKTS:INLX - Free Report) by 34.8% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 25,422 shares of the company's stock after purchasing an additional 6,563 shares during the quarter. Geode Capital Management LLC owned 0.60% of Intellinetics worth $285,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 0.75% of the company's stock.

Intellinetics Company Profile

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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