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Innodata (INOD) Worth Watching: Stock Moves 9.4% Higher

Zacks Equity Research

Innodata Inc. (INOD) was a big mover last session, with shares rising over 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent downtrend of the company as the stock has lost nearly 4% since April 30.

This technology software and services company has seen one positive estimate revision in the last 30 days. The Zacks Consensus Estimate has also moved higher over the same period. This implies solid trading potential for the company. So make sure to keep an eye on this stock going forward to see if yesterday’s rally can turn into more strength down the road.

Innodata currently has a Zacks Rank #1 (Strong Buy) while its Earnings ESP is 0.00%.

Investors interested in the Computer Services industry may also consider stocks like Ebix Inc. (EBIX), iGATE Corp. (IGTE) and PDF Solutions Inc. (PDFS). While Ebix sports a Zacks Rank #1 (Strong Buy), iGATE and PDF Solutions carry a Zacks Rank #2 (Buy).

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INNODATA INC (INOD): Free Stock Analysis Report

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