Innodata Inc. (NASDAQ:INOD – Get Free Report) was the target of some unusual options trading activity on Friday. Traders bought 2,075 call options on the stock. This represents an increase of approximately 132% compared to the typical volume of 896 call options.
Wall Street Analyst Weigh In
Several research firms have recently commented on INOD. StockNews.com lowered shares of Innodata from a “hold” rating to a “sell” rating in a report on Monday, August 12th. BWS Financial boosted their price target on shares of Innodata from $24.00 to $30.00 and gave the company a “buy” rating in a report on Friday, August 9th. Finally, Maxim Group initiated coverage on shares of Innodata in a research note on Monday, July 15th. They set a “buy” rating and a $30.00 price objective for the company.
Get Our Latest Stock Analysis on Innodata
Institutional Trading of Innodata
Innodata Trading Up 0.6 %
Shares of Innodata stock opened at $17.28 on Friday. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.25. Innodata has a 12-month low of $5.46 and a 12-month high of $21.58. The firm has a market capitalization of $496.85 million, a price-to-earnings ratio of 288.00 and a beta of 2.33. The firm’s 50 day simple moving average is $17.23 and its two-hundred day simple moving average is $11.96.
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.
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