Today’s Stock Alert: Could Innodata Inc Change Direction After Achieving Yearly Low?

Today's Stock Alert: Could Innodata Inc Change Direction After Achieving Yearly Low?

The stock of Innodata Inc (NASDAQ:INOD) hit a new 52-week low and has $1.94 target or 10.00% below today’s $2.15 share price. The 7 months bearish chart indicates high risk for the $54.71M company. The 1-year low was reported on Nov, 3 by Barchart.com. If the $1.94 price target is reached, the company will be worth $5.47M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 22,972 shares traded hands or 53.22% up from the average. Innodata Inc (NASDAQ:INOD) has declined 2.22% since April 1, 2016 and is downtrending. It has underperformed by 3.44% the S&P500.

According to Zacks Investment Research, “Innodata Isogen is a leading provider of content supply chain solutions.”

Insitutional Activity: The institutional sentiment decreased to 0.46 in Q2 2016. Its down 0.37, from 0.83 in 2016Q1. The ratio dived, as 1 funds sold all Innodata Inc shares owned while 12 reduced positions. 2 funds bought stakes while 4 increased positions. They now own 4.99 million shares or 14.01% less from 5.80 million shares in 2016Q1.
Blackrock Advsr Ltd Com holds 0% of its portfolio in Innodata Inc (NASDAQ:INOD) for 6,741 shares. Blackrock Institutional Trust Na has invested 0% of its portfolio in Innodata Inc (NASDAQ:INOD). Bridgeway Capital Mgmt has invested 0.01% of its portfolio in Innodata Inc (NASDAQ:INOD). Goldman Sachs Group Incorporated reported 45,189 shares or 0% of all its holdings. Northern Corporation owns 50,738 shares or 0% of their US portfolio. Tower Rech Cap (Trc) holds 0% of its portfolio in Innodata Inc (NASDAQ:INOD) for 125 shares. Wilen Inv Mgmt Corp last reported 99,825 shares in the company. California Public Employees Retirement holds 0% of its portfolio in Innodata Inc (NASDAQ:INOD) for 96,992 shares. The New York-based National Bank Of New York Mellon has invested 0% in Innodata Inc (NASDAQ:INOD). Deutsche Bank Ag has 9,940 shares for 0% of their US portfolio. Tocqueville Asset Mgmt Ltd Partnership has 0% invested in the company for 27,000 shares. Spark Invest Ltd Liability Corp accumulated 0% or 14,100 shares. Geode Cap Mgmt Limited Liability Company owns 83,008 shares or 0% of their US portfolio. State Street Corp, a Massachusetts-based fund reported 11,475 shares. Morgan Stanley last reported 0% of its portfolio in the stock.

Insider Transactions: Since May 17, 2016, the stock had 2 buys, and 0 insider sales for $10,273 net activity. $5,673 worth of Innodata Inc (NASDAQ:INOD) shares were bought by Massey Stewart R. On Tuesday, August 16 Opat Michael J. bought $4,600 worth of the stock or 2,000 shares.

More news for Innodata Inc (NASDAQ:INOD) were recently published by: Businesswire.com, which released: “Innodata Isogen, Inc. Announces Name Change to Innodata Inc.” on June 08, 2012. Seekingalpha.com‘s article titled: “Innodata – What Went Wrong?” and published on March 04, 2016 is yet another important article.

INOD Company Profile

Innodata Inc., incorporated on June 27, 1988, is a digital services and solutions company. The Company’s technology and services power information products and online retail destinations around the world. The Firm operates in three divisions, which include Content Services (CS), Innodata Advanced Data Solutions (IADS) and Media Intelligence Solutions (MIS). The Company’s CS segment provides solutions, such as development of digital content (including e-books), development of digital information products, and operational support of digital information products and systems. IADS operates through two subsidiaries, such as Synodex and docGenix. The Company’s MIS segment operates through its MediaMiser and Bulldog Reporter subsidiaries.

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