Exela Technologies (NASDAQ:XELA) Shares Up 1.5% – Here’s Why

Shares of Exela Technologies, Inc. (NASDAQ:XELA) shot up 1.5% during trading on Tuesday . The company traded as high as $2.00 and last traded at $1.99. 66,924 shares traded hands during trading, a decline of 52% from the average session volume of 140,830 shares. The stock had previously closed at $1.96.

Exela Technologies Stock Down 41.9 %

The business’s 50 day simple moving average is $2.02 and its 200 day simple moving average is $2.23. The company has a market capitalization of $7.33 million, a PE ratio of -0.15 and a beta of 1.88.

Exela Technologies (NASDAQ:XELA) last posted its quarterly earnings results on Wednesday, August 14th. The company reported ($4.40) earnings per share (EPS) for the quarter. The firm had revenue of $245.65 million for the quarter.

Institutional Trading of Exela Technologies

A hedge fund recently raised its stake in Exela Technologies stock. Renaissance Technologies LLC boosted its holdings in shares of Exela Technologies, Inc. (NASDAQ:XELA) by 210.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 31,000 shares of the company’s stock after acquiring an additional 21,000 shares during the quarter. Renaissance Technologies LLC owned approximately 0.49% of Exela Technologies worth $75,000 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).