Intellinetics (OTCMKTS:INLX) Shares Up 1.3% – Time to Buy?

Intellinetics, Inc. (OTCMKTS:INLX)’s stock price was up 1.3% on Friday . The stock traded as high as $8.00 and last traded at $8.00. Approximately 2,854 shares were traded during trading, a decline of 26% from the average daily volume of 3,875 shares. The stock had previously closed at $7.90.

Analysts Set New Price Targets

Separately, Zacks Research cut shares of Intellinetics from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 13th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold”.

Intellinetics Stock Up 1.3%

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 market capitalization of $35.83 million, a price-to-earnings ratio of 53.34 and a beta of 0.12. The firm has a fifty day moving average price of $8.29 and a 200 day moving average price of $10.21.

Intellinetics Company Profile

Intellinetics, Inc, traded on the OTC Markets under the ticker INLX, is a Houston-based provider of enterprise content management, document imaging, and workflow automation solutions. The company designs and implements systems that enable organizations to capture, store, and retrieve both digital and paper documents through intuitive interfaces and seamless integration with existing IT environments.

The firm’s flagship platform, Info-Share, combines document capture, optical character recognition (OCR) and configurable workflow tools to streamline processes such as billing, accounts payable, and records management.