Equities researchers at StockNews.com initiated coverage on shares of Innodata (NASDAQ:INOD – Get Rating) in a research report issued to clients and investors on Thursday. The brokerage set a “hold” rating on the technology company’s stock.
Innodata Trading Down 2.7 %
NASDAQ INOD opened at $3.30 on Thursday. The firm has a market capitalization of $90.35 million, a price-to-earnings ratio of -8.25 and a beta of 1.97. The company’s 50 day moving average price is $3.08 and its 200 day moving average price is $3.71. Innodata has a one year low of $2.78 and a one year high of $9.00. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.14 and a current ratio of 1.14.
Innodata (NASDAQ:INOD – Get Rating) last posted its quarterly earnings data on Thursday, November 10th. The technology company reported ($0.12) earnings per share for the quarter. The company had revenue of $18.45 million during the quarter. Innodata had a negative return on equity of 47.67% and a negative net margin of 14.12%.
Hedge Funds Weigh In On Innodata
Institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC increased its holdings in Innodata by 74.0% during the third quarter. Tower Research Capital LLC TRC now owns 18,112 shares of the technology company’s stock worth $55,000 after buying an additional 7,704 shares during the last quarter. Platform Technology Partners raised its stake in shares of Innodata by 48.1% during the third quarter. Platform Technology Partners now owns 27,253 shares of the technology company’s stock valued at $82,000 after acquiring an additional 8,853 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Innodata by 7.1% during the first quarter. Bank of New York Mellon Corp now owns 31,116 shares of the technology company’s stock valued at $218,000 after acquiring an additional 2,050 shares during the last quarter. Compass Ion Advisors LLC boosted its position in Innodata by 4.9% during the second quarter. Compass Ion Advisors LLC now owns 60,663 shares of the technology company’s stock valued at $294,000 after acquiring an additional 2,825 shares during the last quarter. Finally, Marshall Wace LLP grew its position in Innodata by 14.5% in the 3rd quarter. Marshall Wace LLP now owns 60,829 shares of the technology company’s stock valued at $184,000 after purchasing an additional 7,704 shares during the period. 13.91% of the stock is currently owned by institutional investors and hedge funds.
Innodata Company Profile
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.