Shares of Exela Technologies, Inc. (NASDAQ:XELA) traded down 7.1% during trading on Tuesday . The stock traded as low as $1.26 and last traded at $1.18, 14,115 shares changed hands during mid-day trading. A decline of 99% from the average session volume of 957,969 shares. The stock had previously closed at $1.27.

A number of equities analysts have commented on XELA shares. ValuEngine raised Exela Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, July 2nd. Nomura reduced their price objective on Exela Technologies from $8.00 to $5.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Zacks Investment Research raised Exela Technologies from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Royal Bank of Canada set a $4.00 price objective on Exela Technologies and gave the stock a “buy” rating in a research note on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $5.85.

The company has a market cap of $207.01 million, a price-to-earnings ratio of -1.49 and a beta of 1.68. The business has a 50 day simple moving average of $1.25 and a 200 day simple moving average of $2.29.

Exela Technologies (NASDAQ:XELA) last posted its quarterly earnings data on Thursday, August 8th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.17). The business had revenue of $390.16 million during the quarter. On average, equities analysts forecast that Exela Technologies, Inc. will post -0.51 EPS for the current year.

A number of institutional investors have recently bought and sold shares of XELA. Susquehanna International Group LLP acquired a new position in Exela Technologies in the second quarter worth $36,000. Parametric Portfolio Associates LLC bought a new stake in shares of Exela Technologies during the second quarter worth $48,000. SG Americas Securities LLC raised its position in shares of Exela Technologies by 25.8% during the second quarter. SG Americas Securities LLC now owns 27,180 shares of the company’s stock worth $60,000 after acquiring an additional 5,570 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Exela Technologies by 17.0% during the second quarter. Charles Schwab Investment Management Inc. now owns 267,341 shares of the company’s stock worth $586,000 after acquiring an additional 38,861 shares during the last quarter. Finally, Vanguard Group Inc. raised its position 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 worth $3,988,000 after acquiring an additional 186,477 shares during the last quarter. 45.78% of the stock is currently owned by institutional investors.

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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