Innodata (NASDAQ:INOD) Earns Sell Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Innodata (NASDAQ:INOD – Get Rating) in a research note issued to investors on Thursday morning. The firm issued a sell rating on the technology company’s stock.

Innodata Stock Performance

NASDAQ INOD traded down $0.23 on Thursday, hitting $6.84. The stock had a trading volume of 94,750 shares, compared to its average volume of 151,533. Innodata has a 52-week low of $2.78 and a 52-week high of $9.00. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a 50-day moving average of $5.46 and a 200-day moving average of $3.97.

Institutional Trading of Innodata

A number of hedge funds have recently made changes to their positions in the stock. Renaissance Technologies LLC lifted its holdings in shares of Innodata by 0.6% during the 2nd quarter. Renaissance Technologies LLC now owns 1,018,390 shares of the technology company’s stock worth $4,929,000 after acquiring an additional 6,500 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Innodata by 4.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 306,832 shares of the technology company’s stock worth $2,145,000 after acquiring an additional 13,584 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Innodata by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 205,919 shares of the technology company’s stock worth $610,000 after acquiring an additional 2,461 shares during the last quarter. State Street Corp lifted its holdings in shares of Innodata by 4.9% during the 2nd quarter. State Street Corp now owns 83,306 shares of the technology company’s stock worth $403,000 after acquiring an additional 3,900 shares during the last quarter. Finally, Marshall Wace LLP lifted its holdings in shares of Innodata by 14.5% during the 3rd quarter. Marshall Wace LLP now owns 60,829 shares of the technology company’s stock worth $184,000 after acquiring an additional 7,704 shares during the last quarter. 13.91% of the stock is owned by institutional investors.

Innodata Company Profile

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Innodata, Inc is a global services and technology company, which combines human expertise with deep learning technologies to power information products and enterprise artificial intelligence and digital transformation. Its services include data acquisition, transformation, and enrichment at scale, digital operations management and analytics, and content applications.