Exela Technologies (NASDAQ:XELAP) Stock Price Up 13.2%

Shares of Exela Technologies, Inc. (NASDAQ:XELAP) rose 13.2% during trading on Wednesday . The company traded as high as $1.86 and last traded at $1.83. Approximately 712 shares traded hands during trading, a decline of 91% from the average daily volume of 7,652 shares. The stock had previously closed at $1.62.

Exela Technologies Stock Down 1.8 %

The company’s fifty day moving average is $2.46 and its 200 day moving average is $2.84.

Institutional Trading of Exela Technologies

Hedge funds and other institutional investors have recently made changes to their positions in the stock. UBS Group AG lifted its stake in Exela Technologies by 1,829.9% in the 3rd quarter. UBS Group AG now owns 9,437 shares of the company’s stock worth $46,000 after purchasing an additional 8,948 shares in the last quarter. Gates Capital Management Inc. raised its position in shares of Exela Technologies by 39.5% in the third quarter. Gates Capital Management Inc. now owns 46,534 shares of the company’s stock worth $135,000 after buying an additional 13,169 shares in the last quarter. Shay Capital LLC raised its position in shares of Exela Technologies by 26.4% in the fourth quarter. Shay Capital LLC now owns 75,328 shares of the company’s stock worth $220,000 after buying an additional 15,715 shares in the last quarter. Finally, BlackRock Inc. boosted its stake in Exela Technologies by 20.8% during the first quarter. BlackRock Inc. now owns 263,903 shares of the company’s stock valued at $786,000 after buying an additional 45,504 shares during the period.

Exela Technologies Company Profile

Exela Technologies, Inc provides transaction processing solutions, enterprise information management, document management, and digital business process services worldwide. The company operates through three segments: Information & Transaction Processing Solutions (ITPS), Healthcare Solutions (HS), and Legal & Loss Prevention Services (LLPS).