Exela Technologies (NASDAQ:XELA) Shares Up 5.2% – Time to Buy?

Exela Technologies, Inc. (NASDAQ:XELA) shot up 5.2% during mid-day trading on Monday . The company traded as high as $0.63 and last traded at $0.59. 9,279 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 36,312 shares. The stock had previously closed at $0.56.

Exela Technologies Stock Up 5.2 %

The firm has a 50 day moving average of $0.78 and a 200-day moving average of $1.43. The company has a market cap of $3.75 million, a P/E ratio of -0.07 and a beta of 1.79.

Hedge Funds Weigh In On Exela Technologies

A hedge fund recently bought a new stake in Exela Technologies stock. XTX Topco Ltd acquired a new position in Exela Technologies, Inc. (NASDAQ:XELA) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 19,532 shares of the company’s stock, valued at approximately $40,000. XTX Topco Ltd owned 0.31% of Exela Technologies at the end of the most recent reporting period. 16.33% of the stock is currently owned by hedge funds and other institutional investors.

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).