Exela Technologies (NASDAQ:XELA) Trading 14.4% Higher

Exela Technologies, Inc. (NASDAQ:XELA) traded up 14.4% during trading on Monday . The company traded as high as $2.35 and last traded at $2.31. 198,362 shares changed hands during mid-day trading, an increase of 38% from the average session volume of 143,706 shares. The stock had previously closed at $2.02.

Exela Technologies Price Performance

The company’s fifty day moving average price is $2.37 and its 200 day moving average price is $2.74. The company has a market cap of $14.71 million, a PE ratio of -0.10 and a beta of 1.91.

Exela Technologies (NASDAQ:XELA) last posted its quarterly earnings results on Wednesday, April 3rd. The company reported ($4.29) EPS for the quarter. The company had revenue of $264.44 million for the quarter.

Institutional Investors Weigh In On Exela Technologies

A hedge fund recently raised its stake in Exela Technologies stock. Rafferty Asset Management LLC lifted its position in Exela Technologies, Inc. (NASDAQ:XELA) by 154.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 185,181 shares of the company’s stock after purchasing an additional 112,414 shares during the quarter. Rafferty Asset Management LLC owned 2.91% of Exela Technologies worth $781,000 at the end of the most recent quarter. 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).