Exela Technologies (NASDAQ:XELA) Stock Price Down 2.7%

Exela Technologies, Inc. (NASDAQ:XELA)’s share price fell 2.7% on Monday . The stock traded as low as $0.32 and last traded at $0.36, 200,300 shares changed hands during mid-day trading. A decline of 75% from the average session volume of 814,242 shares. The stock had previously closed at $0.37.

Separately, Zacks Investment Research reissued a “sell” rating on shares of Exela Technologies in a research note on Saturday, January 11th. One analyst has rated the stock with a sell rating and four have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $5.06.

The firm has a market capitalization of $49.75 million, a P/E ratio of -0.18 and a beta of 1.44. The firm’s 50 day simple moving average is $0.39 and its two-hundred day simple moving average is $0.88.

Exela Technologies (NASDAQ:XELA) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.16). The business had revenue of $372.92 million for the quarter. On average, research analysts predict that Exela Technologies, Inc. will post -1.48 earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the business. BlackRock Inc. lifted its stake in Exela Technologies by 2.2% in the second quarter. BlackRock Inc. now owns 2,478,563 shares of the company’s stock worth $5,429,000 after purchasing an additional 53,628 shares during the last quarter. Virtu Financial LLC bought a new position in shares of Exela Technologies during the third quarter valued at about $47,000. Vanguard Group Inc. raised its stake in shares of Exela Technologies by 11.4% during the second quarter. Vanguard Group Inc. now owns 1,820,884 shares of the company’s stock valued at $3,988,000 after acquiring an additional 186,477 shares during the last quarter. TimesSquare Capital Management LLC raised its stake in shares of Exela Technologies by 1.6% during the third quarter. TimesSquare Capital Management LLC now owns 2,904,994 shares of the company’s stock valued at $3,428,000 after acquiring an additional 44,400 shares during the last quarter. Finally, Parametric Portfolio Associates LLC bought a new position in shares of Exela Technologies during the second quarter valued at about $48,000. 45.07% of the stock is owned by institutional investors and hedge funds.

About Exela Technologies (NASDAQ:XELA)

Exela Technologies, Inc (Exela), formerly Quinpario Acquisition Corp. 2, is engaged in providing information and transaction processing solutions. The Company’s segments include Information and Transaction Processing Solutions (ITPS), Healthcare Solutions (HS) and Legal & Loss Prevention Services (LLPS).

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