Innodata (NASDAQ:INOD) Hits New 1-Year High at $17.75

Innodata Inc. (NASDAQ:INOD)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $17.75 and last traded at $17.46, with a volume of 662101 shares. The stock had previously closed at $16.85.

Analyst Ratings Changes

Separately, BWS Financial assumed coverage on shares of Innodata in a research report on Wednesday, May 22nd. They issued a “buy” rating and a $24.00 target price for the company.

Innodata Stock Performance

The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.25. The company has a market cap of $476.10 million, a P/E ratio of 276.05 and a beta of 2.33. The company has a 50 day moving average price of $13.48 and a 200-day moving average price of $9.75.

Innodata (NASDAQ:INOD) last issued its earnings results on Tuesday, May 7th. The technology company reported $0.03 EPS for the quarter. Innodata had a return on equity of 9.08% and a net margin of 2.33%. The firm had revenue of $26.50 million during the quarter. On average, equities analysts expect that Innodata Inc. will post 0.18 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Innodata

Institutional investors have recently made changes to their positions in the stock. Essex Investment Management Co. LLC acquired a new position in shares of Innodata in the fourth quarter worth approximately $1,299,000. Private Advisor Group LLC boosted its stake in shares of Innodata by 8.5% in the 4th quarter. Private Advisor Group LLC now owns 12,700 shares of the technology company’s stock valued at $103,000 after purchasing an additional 1,000 shares during the last quarter. Victory Capital Management Inc. acquired a new stake in shares of Innodata during the fourth quarter worth $53,000. Cary Street Partners Investment Advisory LLC bought a new position in Innodata during the fourth quarter worth $187,000. Finally, Platform Technology Partners lifted its holdings in Innodata by 5.2% in the fourth quarter. Platform Technology Partners now owns 28,661 shares of the technology company’s stock valued at $233,000 after buying an additional 1,408 shares during the period. Institutional investors own 30.75% of the company’s stock.

About Innodata

Innodata Inc operates as a global data engineering company in the United States, the United Kingdom, the Netherlands, Canada, and internationally. The company operates through three segments: Digital Data Solutions (DDS), Synodex, and Agility. The DDS segment engages in the provision of artificial intelligence (AI) data preparation services; collecting or creating training data; annotating training data; and training AI algorithms for its customers, as well as AI model deployment and integration services.