Exela Technologies (NASDAQ:XELA) Shares Down 0.4% – Should You Sell?

Exela Technologies, Inc. (NASDAQ:XELA) was down 0.4% during mid-day trading on Tuesday . The stock traded as low as $1.07 and last traded at $1.20. Approximately 36,164 shares changed hands during mid-day trading, a decline of 75% from the average daily volume of 145,045 shares. The stock had previously closed at $1.21.

Exela Technologies Price Performance

The firm has a market cap of $7.64 million, a PE ratio of -0.14 and a beta of 1.85. The company has a 50-day simple moving average of $1.50 and a 200-day simple moving average of $1.96.

Institutional Investors Weigh In On Exela Technologies

An institutional investor recently bought a new position in Exela Technologies stock. XTX Topco Ltd purchased a new position in shares of Exela Technologies, Inc. (NASDAQ:XELA) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 19,532 shares of the company’s stock, valued at approximately $40,000. XTX Topco Ltd owned approximately 0.31% of Exela Technologies at the end of the most recent quarter. 16.33% 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).