Innodata (INOD) Set to Announce Earnings on Thursday

Innodata (NASDAQ:INOD - Get Free Report) is set to announce its earnings results after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $0.07 per share for the quarter. Investors interested in registering for the company's conference call can do so using this link.

Innodata Price Performance

INOD stock traded down $1.32 during mid-day trading on Thursday, hitting $20.11. 807,923 shares of the stock were exchanged, compared to its average volume of 612,450. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.45 and a quick ratio of 1.45. The business has a fifty day moving average price of $16.80 and a 200 day moving average price of $14.83. Innodata has a 12 month low of $5.46 and a 12 month high of $21.90. The stock has a market capitalization of $582.97 million, a price-to-earnings ratio of 223.44 and a beta of 2.31.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on INOD shares. Maxim Group started coverage on Innodata in a research note on Monday, July 15th. They set a "buy" rating and a $30.00 price target for the company. StockNews.com raised Innodata to a "sell" rating in a research note on Wednesday, October 23rd. BWS Financial boosted their target price on Innodata from $24.00 to $30.00 and gave the company a "buy" rating in a research note on Friday, August 9th. Finally, Craig Hallum began coverage on Innodata in a research note on Tuesday, September 17th. They issued a "buy" rating and a $23.00 target price for the company. One research analyst has rated the stock with a sell rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, Innodata currently has an average rating of "Moderate Buy" and an average price target of $27.67.

Innodata Company Profile

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.