Exela Technologies (NASDAQ:XELA)‘s stock had its “buy” rating restated by equities researchers at Nomura in a research report issued to clients and investors on Sunday. They presently have a $10.00 price objective on the stock. Nomura’s price target indicates a potential upside of 99.60% from the company’s previous close.

XELA has been the topic of a number of other research reports. Cantor Fitzgerald restated a “buy” rating and set a $9.00 price objective on shares of Exela Technologies in a research report on Sunday, June 24th. Zacks Investment Research downgraded shares of Exela Technologies from a “hold” rating to a “sell” rating in a research report on Friday, May 25th.

Shares of NASDAQ XELA opened at $5.01 on Friday. The company has a market capitalization of $801.51 million, a PE ratio of -3.01 and a beta of 0.76. Exela Technologies has a 52-week low of $4.15 and a 52-week high of $6.54. The company has a debt-to-equity ratio of -37.10, a quick ratio of 0.88 and a current ratio of 0.92.

Exela Technologies (NASDAQ:XELA) last issued its earnings results on Thursday, August 9th. The company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.12). The firm had revenue of $410.38 million during the quarter. Exela Technologies had a negative return on equity of 31,672.80% and a negative net margin of 14.28%. research analysts anticipate that Exela Technologies will post -0.24 earnings per share for the current year.

In related news, Director Par Chadha acquired 46,500 shares of the stock in a transaction that occurred on Tuesday, June 19th. The shares were bought at an average price of $5.23 per share, for a total transaction of $243,195.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Nathaniel Lipman acquired 10,000 shares of the stock in a transaction that occurred on Thursday, May 17th. The shares were bought at an average price of $4.55 per share, for a total transaction of $45,500.00. The disclosure for this purchase can be found here. 52.20% of the stock is owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in XELA. BlackRock Inc. purchased a new stake in Exela Technologies during the second quarter valued at approximately $11,107,000. 22NW LP purchased a new stake in Exela Technologies during the second quarter valued at approximately $2,363,000. Millennium Management LLC increased its holdings in Exela Technologies by 425.1% during the first quarter. Millennium Management LLC now owns 361,997 shares of the company’s stock valued at $2,002,000 after buying an additional 293,053 shares during the last quarter. Serengeti Asset Management LP increased its holdings in Exela Technologies by 92.4% during the second quarter. Serengeti Asset Management LP now owns 433,000 shares of the company’s stock valued at $2,057,000 after buying an additional 208,000 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in Exela Technologies during the second quarter valued at approximately $589,000. 37.19% of the stock is owned by institutional investors and hedge funds.

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).

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