Exela Technologies (NASDAQ:XELA) Hits New 12-Month Low at $1.43

Exela Technologies, Inc. (NASDAQ:XELAGet Rating) reached a new 52-week low during trading on Thursday . The company traded as low as $1.43 and last traded at $1.44, with a volume of 56675 shares changing hands. The stock had previously closed at $1.56.

Exela Technologies Stock Up 1.4 %

The stock’s 50-day simple moving average is $3.78 and its 200 day simple moving average is $8.03. The company has a market cap of $31.38 million, a price-to-earnings ratio of -1.43 and a beta of 1.95.

Exela Technologies (NASDAQ:XELAGet Rating) last issued its quarterly earnings results on Tuesday, May 10th. The company reported ($3.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.20) by ($1.20). The firm had revenue of $279.40 million for the quarter, compared to analyst estimates of $287.03 million. During the same quarter in the previous year, the company earned ($15.20) earnings per share. On average, sell-side analysts expect that Exela Technologies, Inc. will post -0.26 EPS for the current fiscal year.

Institutional Trading of Exela Technologies

Several hedge funds have recently made changes to their positions in the business. Equitec Proprietary Markets LLC acquired a new stake in shares of Exela Technologies during the second quarter worth about $160,000. Cantor Fitzgerald L. P. lifted its position in shares of Exela Technologies by 16.7% during the first quarter. Cantor Fitzgerald L. P. now owns 3,500,000 shares of the company’s stock worth $1,457,000 after purchasing an additional 500,000 shares in the last quarter. Shay Capital LLC lifted its position in shares of Exela Technologies by 139.7% during the first quarter. Shay Capital LLC now owns 3,506,019 shares of the company’s stock worth $1,459,000 after purchasing an additional 2,043,054 shares in the last quarter. B. Riley Asset Management LLC lifted its position in shares of Exela Technologies by 289.6% during the first quarter. B. Riley Asset Management LLC now owns 12,013,455 shares of the company’s stock worth $5,000,000 after purchasing an additional 8,930,128 shares in the last quarter. Finally, State Street Corp lifted its position in shares of Exela Technologies by 145.2% during the first quarter. State Street Corp now owns 831,325 shares of the company’s stock worth $346,000 after purchasing an additional 492,259 shares in the last quarter. Institutional investors and hedge funds own 7.75% of the company’s stock.

About Exela Technologies

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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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