On Thursday, the stock analysts at StockNews.com began covering Innodata’s (NASDAQ: INOD) shares in a research report distributed to clients and investors. The technology company’s stock is assigned a rating of “Hold” by the organization that manages investments.
The most recent quarterly earnings report for Innodata (NASDAQ: INOD) was made available to the general public on November 10, 2018, a Thursday. The previous three months of the technology company’s fiscal year resulted in a loss of $0.12 per share. The amount in question was $18.45 million, which is how much the company made in total revenue during the relevant period. The net margin for Innodata came in at a negative 14.12%, and the company’s return on equity was also negative, coming in at a negative 47.67%.
Institutional investors have recently adjusted the total number of stock they own in the company. Tower Research Capital LLC (TRC) saw a massive increase in its holdings of Innodata during the third quarter, equal to 74.0 percent growth. After making an additional 7,704 stock purchases over the most recent fiscal quarter, Tower Research Capital LLC (TRC) now holds a total of 18,112 shares of the technology company’s stock. There is a value of $55,000 associated with these shares. Platform Technology Partners achieved a 48.1% increase in its share of Innodata’s stock during the third quarter of this fiscal year. Because of the purchase of an additional 8,853 shares during the most recent quarter, Platform Technology Partners now directly owns 27,253 shares of the technology company’s stock. Based on the stock’s current market price, this gives Platform Technology Partners a value of $82,000. A 7.1% increase in the proportion of Innodata shares that Bank of New York Mellon Corporation owned as of the end of the first quarter was reflected in that company’s ownership percentage. After making an additional purchase of 2,050 shares during the most recent quarter, the Bank of New York Mellon Corp. now possesses 31,116 shares of the technology company’s stock, which have a combined value of $218,000. This brings the total value of the Bank of New York Mellon Corp.’s stock holdings to $218,000. During the second quarter, Compass Ion Advisors LLC made a 4.9% purchase of additional Innodata shares, bringing the total number of shares it possessed to 71.9%. Compass Ion Advisors LLC now has 60,663 shares that the technology company holds after making an additional purchase of 2,825 during the most recent fiscal quarter. It is estimated that these shares are worth approximately $294,000. Lastly, but certainly not least, during the third quarter, Marshall Wace LLP increased the percentage of Innodata shares it owned by 14.5%. Marshall Wace LLP now owns a total of 60,829 shares of the technology company’s stock, which has a market value of $184,000. This results from purchasing 7,704 additional shares during the period (as of the close of trade on Thursday). Currently, 13.91% of the company’s shares are owned by hedge funds and other institutional investors.
On Thursday, the NASDAQ INOD market opened for trading with an opening price of $3.30. The company has a market capitalization of $90.35 million and a beta value of 1.97. It has a price-to-earnings ratio of -8.25, which is negative. Currently, one share of the company’s stock can be purchased for $3.08, while the stock’s moving average price over the past 200 days is $3.71 per share. During the last year, the price of Innodata fell to an all-time low of $2.78 and rose to an all-time high of $9. The debt-to-equity ratio is 0.33; the quick ratio is 1.14; the current ratio is 1.14; and the quick ratio is 1.14.
Innodata, Inc. is an international technology and services company that combines human expertise with deep learning technologies to power information products, enterprise artificial intelligence, and digital transformation. The company developed this fusion of human expertise and deep learning technologies. In addition to content applications, digital operations management and analytics, and digital operations management, its services include data capture, transformation, and enrichment at scale.