Shares of Exela Technologies, Inc. (NASDAQ:XELA) have been given a consensus recommendation of “Buy” by the six research firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $6.00.
A number of research analysts have commented on the stock. Nomura cut their price target on shares of Exela Technologies from $8.00 to $5.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Royal Bank of Canada set a $4.00 price objective on Exela Technologies and gave the company a “buy” rating in a research note on Friday, August 9th. ValuEngine raised Exela Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd. Finally, Zacks Investment Research downgraded Exela Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, August 31st.
Shares of NASDAQ:XELA traded up $0.05 on Friday, hitting $1.38. 79,800 shares of the company were exchanged, compared to its average volume of 155,952. The company’s 50 day moving average price is $1.66 and its two-hundred day moving average price is $2.62. Exela Technologies has a one year low of $1.09 and a one year high of $7.34. The firm has a market capitalization of $198.01 million, a price-to-earnings ratio of -1.79 and a beta of 1.67.
In other news, CFO James Reynolds bought 247,630 shares of the company’s stock in a transaction that occurred on Tuesday, June 25th. The stock was acquired at an average price of $1.65 per share, for a total transaction of $408,589.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Ex-Sigma 2 Llc sold 13,234,848 shares of the stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $1.65, for a total transaction of $21,837,499.20. The disclosure for this sale can be found here. 53.10% of the stock is currently owned by insiders.
A number of large investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC grew its stake in Exela Technologies by 25.8% during the second quarter. SG Americas Securities LLC now owns 27,180 shares of the company’s stock worth $60,000 after buying an additional 5,570 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Exela Technologies by 133.6% in the 4th quarter. Bank of America Corp DE now owns 26,515 shares of the company’s stock worth $103,000 after acquiring an additional 15,165 shares in the last quarter. Susquehanna International Group LLP acquired a new position in shares of Exela Technologies in the 2nd quarter worth approximately $36,000. Parametric Portfolio Associates LLC acquired a new position in shares of Exela Technologies in the 2nd quarter worth approximately $48,000. Finally, Charles Schwab Investment Management Inc. grew its position in Exela Technologies by 17.0% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 267,341 shares of the company’s stock worth $586,000 after acquiring an additional 38,861 shares during the last quarter. Hedge funds and other institutional investors own 45.78% 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).
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