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

Exela Technologies, Inc. (NASDAQ:XELA)’s stock 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 traded.

Exela Technologies Stock Performance

The firm has a market capitalization of $4.28 million, a price-to-earnings ratio of -0.08 and a beta of 1.77. The firm has a fifty day moving average price of $0.66 and a 200 day moving average price of $1.34.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Exela Technologies stock. XTX Topco Ltd bought a new stake in Exela Technologies, Inc. (NASDAQ:XELA) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 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 quarter. 16.33% of the stock is owned by institutional investors and hedge funds.

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).