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

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

Exela Technologies Stock Performance

The company has a market capitalization of $7.64 million, a price-to-earnings ratio of -0.14 and a beta of 1.85. The stock’s fifty day simple moving average is $1.53 and its two-hundred day simple moving average is $1.97.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Exela Technologies stock. Renaissance Technologies LLC grew its holdings in Exela Technologies, Inc. (NASDAQ:XELA) by 210.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,000 shares of the company’s stock after acquiring an additional 21,000 shares during the quarter. Renaissance Technologies LLC owned 0.49% of Exela Technologies worth $75,000 as of its most recent filing with the Securities and Exchange Commission. 16.33% of the stock is owned by institutional investors.

Exela Technologies Company Profile

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).