Exela Technologies (NASDAQ:XELA) Stock Price Passes Below Fifty Day Moving Average – What’s Next?

Exela Technologies, Inc. (NASDAQ:XELA)’s share price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $0.67 and traded as low as $0.43. Exela Technologies shares last traded at $0.67, with a volume of 61,880 shares trading hands.

Exela Technologies Price Performance

The stock’s 50 day moving average is $0.67 and its two-hundred day moving average is $1.35. The firm has a market capitalization of $4.28 million, a P/E ratio of -0.08 and a beta of 1.77.

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 shares of Exela Technologies, Inc. (NASDAQ:XELA) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 19,532 shares of the company’s stock, valued at approximately $40,000. XTX Topco Ltd owned about 0.31% of Exela Technologies at the end of the most recent reporting period. Institutional investors own 16.33% of the company’s stock.

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).