Intellinetics (OTCMKTS:INLX) Stock Price Down 0.7% – Time to Sell?

Shares of Intellinetics, Inc. (OTCMKTS:INLX) traded down 0.7% on Tuesday . The stock traded as low as $12.20 and last traded at $12.20. 4,493 shares were traded during trading, a decline of 17% from the average session volume of 5,411 shares. The stock had previously closed at $12.29.

Intellinetics Stock Down 0.7 %

The company has a quick ratio of 0.89, a current ratio of 0.91 and a debt-to-equity ratio of 0.31. The firm has a 50 day moving average of $13.21 and a two-hundred day moving average of $12.60. The firm has a market capitalization of $51.62 million, a price-to-earnings ratio of 81.34 and a beta of 0.39.

Insider Transactions at Intellinetics

In other news, Director John C. Guttilla acquired 3,500 shares of Intellinetics stock in a transaction that occurred on Thursday, December 5th. The shares were acquired at an average price of $14.50 per share, for a total transaction of $50,750.00. Following the transaction, 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 32.08% of the company’s stock.

Hedge Funds Weigh In On Intellinetics

A hedge fund recently raised its stake in Intellinetics stock. Geode Capital Management LLC increased its position in Intellinetics, Inc. (OTCMKTS:INLX) by 34.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 25,422 shares of the company’s stock after buying an additional 6,563 shares during the quarter. Geode Capital Management LLC owned 0.60% of Intellinetics worth $285,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 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.