Exela Technologies (NASDAQ:XELA) Shares Gap Up to $0.39

Exela Technologies, Inc. (NASDAQ:XELA) gapped up before the market opened on Thursday . The stock had previously closed at $0.33, but opened at $0.39. Exela Technologies shares last traded at $0.43, with a volume of 34,152 shares trading hands.

Separately, Zacks Investment Research reiterated a “sell” rating on shares of Exela Technologies in a report on Saturday, January 11th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $5.06.

The company’s 50 day moving average price is $0.34 and its 200 day moving average price is $1.11. The company has a market cap of $56.87 million, a price-to-earnings ratio of -0.57 and a beta of 1.43.

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

Several large investors have recently modified their holdings of the company. 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 valued at $5,429,000 after buying an additional 53,628 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Exela Technologies in the third quarter valued at $47,000. Vanguard Group Inc. increased its holdings in shares of Exela Technologies by 11.4% in the second quarter. Vanguard Group Inc. now owns 1,820,884 shares of the company’s stock valued at $3,988,000 after purchasing an additional 186,477 shares during the last quarter. TimesSquare Capital Management LLC increased its holdings in shares of Exela Technologies by 1.6% in the third quarter. TimesSquare Capital Management LLC now owns 2,904,994 shares of the company’s stock valued at $3,428,000 after purchasing an additional 44,400 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Exela Technologies by 17.0% in the second quarter. Charles Schwab Investment Management Inc. now owns 267,341 shares of the company’s stock valued at $586,000 after purchasing an additional 38,861 shares during the last quarter. Institutional investors own 45.07% of the company’s stock.

Exela Technologies Company Profile (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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