Intellinetics (OTCMKTS:INLX) Shares Down 2.3% – Should You Sell?

Intellinetics, Inc. (OTCMKTS:INLX) traded down 2.3% on Monday . The company traded as low as $13.75 and last traded at $13.75. 1,169 shares changed hands during mid-day 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 firm has a 50-day moving average of $14.08 and a 200-day moving average of $10.88. 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 $58.18 million, a P/E ratio of 91.67 and a beta of 0.39.

Insider Transactions at Intellinetics

In related news, Director John C. Guttilla purchased 3,500 shares of Intellinetics stock in a transaction dated Thursday, December 5th. The stock was purchased at an average cost of $14.50 per share, for a total transaction 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 $317,622.50. The trade was a 19.02 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 32.08% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Intellinetics stock. Bard Associates Inc. raised its stake in shares of Intellinetics, Inc. (OTCMKTS:INLX) by 2.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 110,567 shares of the company’s stock after buying an additional 2,922 shares during the period. Bard Associates Inc. owned about 2.61% of Intellinetics worth $1,237,000 as of its most recent SEC filing. 0.75% of the stock is owned by hedge funds and other 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.