Intellinetics (OTCMKTS:INLX) Downgraded by Zacks Investment Research

Intellinetics (OTCMKTS:INLX) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Wednesday, Zacks.com reports.

According to Zacks, “Intellinetics, Inc. is a content services software company. Its flagship platform consists of IntelliCloud(TM). The company serves health and human services, education and law enforcement sector. Intellinetics, Inc.is based in Columbus, Ohio. “

Shares of INLX stock opened at $0.09 on Wednesday. Intellinetics has a 52-week low of $0.06 and a 52-week high of $0.14. The company has a 50-day simple moving average of $0.09 and a two-hundred day simple moving average of $0.12. The company has a market capitalization of $1.61 million, a price-to-earnings ratio of -0.67 and a beta of 0.85.

Intellinetics (OTCMKTS:INLX) last issued its quarterly earnings data on Wednesday, August 14th. The company reported ($0.03) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.03). The firm had revenue of $0.64 million during the quarter, compared to the consensus estimate of $0.59 million. As a group, research analysts predict that Intellinetics will post -0.12 earnings per share for the current fiscal year.

Intellinetics Company Profile

Intellinetics, Inc develops, markets, and sells document solutions software to the public and private sectors in the United States. The company's 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, audios, videos, and emails.

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