Intellinetics (OTCMKTS:INLX) Shares Down 4.1% - What's Next?

Intellinetics, Inc. (OTCMKTS:INLX - Get Free Report) was down 4.1% on Tuesday . The stock traded as low as $12.26 and last traded at $12.31. Approximately 5,292 shares traded hands during trading, a decline of 19% from the average daily volume of 6,500 shares. The stock had previously closed at $12.84.

Intellinetics Price Performance

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 fifty day simple moving average of $13.41 and a two-hundred day simple moving average of $13.22. The firm has a market cap of $55.43 million, a PE ratio of 85.67 and a beta of 0.45.

Insider Activity at Intellinetics

In related news, Director John C. Guttilla acquired 3,000 shares of the stock in a transaction dated Friday, March 28th. The stock was acquired at an average cost of $12.00 per share, with a total value of $36,000.00. Following the purchase, the director now directly owns 24,905 shares of the company's stock, valued at approximately $298,860. This trade represents a 13.70% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 31.59% of the stock is owned by insiders.

Hedge Funds Weigh In On Intellinetics

A hedge fund recently raised its stake in Intellinetics stock. Bard Associates Inc. boosted its position in Intellinetics, Inc. (OTCMKTS:INLX - Free Report) by 4.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 115,668 shares of the company's stock after purchasing an additional 5,101 shares during the period. Bard Associates Inc. owned approximately 2.73% of Intellinetics worth $1,590,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 0.75% of the stock is currently owned by institutional investors.

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.