ValuEngine cut shares of Innodata (NASDAQ:INOD) from a buy rating to a hold rating in a research note published on Thursday morning, ValuEngine reports.

Shares of NASDAQ INOD remained flat at $$1.29 during mid-day trading on Thursday. The stock had a trading volume of 3,576 shares, compared to its average volume of 19,309. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.35. Innodata has a 1 year low of $0.88 and a 1 year high of $2.05. The firm’s 50 day simple moving average is $1.27 and its two-hundred day simple moving average is $1.19.

Innodata (NASDAQ:INOD) last posted its earnings results on Thursday, August 8th. The technology company reported ($0.03) EPS for the quarter. The firm had revenue of $13.64 million during the quarter. Innodata had a negative return on equity of 5.75% and a negative net margin of 3.09%.

About Innodata

Innodata Inc operates as a digital services and solution company worldwide. The company operates through three segments: Digital Data Solutions (DDS), Synodex, and Agility PR Solutions (Agility). The DDS segment combines deep neural networks and human expertise to make unstructured information useable for various domains, including health, science, and law.

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