Exela Technologies (NASDAQ:XELA) Trading Down 9.2% – What’s Next?

Shares of Exela Technologies, Inc. (NASDAQ:XELA) traded down 9.2% during trading on Monday . The company traded as low as $0.54 and last traded at $0.59. 50,624 shares were traded during trading, an increase of 17% from the average session volume of 43,358 shares. The stock had previously closed at $0.65.

Exela Technologies Stock Down 9.2 %

The firm has a 50-day moving average price of $1.00 and a two-hundred day moving average price of $1.62. The company has a market capitalization of $3.76 million, a P/E ratio of -0.07 and a beta of 1.82.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Exela Technologies stock. XTX Topco Ltd purchased a new stake in shares of Exela Technologies, Inc. (NASDAQ:XELA) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 19,532 shares of the company’s stock, valued at approximately $40,000. XTX Topco Ltd owned 0.31% of Exela Technologies as of its most recent SEC filing. Institutional investors and hedge funds 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).