Exela Technologies (NASDAQ:XELA) Stock Price Up 1.5% – What’s Next?

Shares of Exela Technologies, Inc. (NASDAQ:XELA) were up 1.5% during mid-day trading on Tuesday . The company traded as high as $2.00 and last traded at $1.99. Approximately 66,924 shares changed hands during trading, a decline of 52% from the average daily volume of 140,830 shares. The stock had previously closed at $1.96.

Exela Technologies Stock Performance

The firm has a market cap of $12.68 million, a P/E ratio of -0.24 and a beta of 1.88. The company’s 50 day moving average is $2.02 and its 200 day moving average is $2.23.

Exela Technologies (NASDAQ:XELA) last released its quarterly earnings data on Wednesday, August 14th. The company reported ($4.40) earnings per share for the quarter. The company had revenue of $245.65 million during the quarter.

Institutional Investors Weigh In On Exela Technologies

An institutional investor recently raised its position in Exela Technologies stock. Renaissance Technologies LLC lifted its holdings in shares of Exela Technologies, Inc. (NASDAQ:XELA) by 210.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 31,000 shares of the company’s stock after purchasing an additional 21,000 shares during the period. Renaissance Technologies LLC owned 0.49% of Exela Technologies worth $75,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 16.33% of the company’s stock.

About Exela Technologies

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).