Exela Technologies (NASDAQ:XELA) Trading Down 14.9% – Should You Sell?

Exela Technologies, Inc. (NASDAQ:XELA) shares were down 14.9% during mid-day trading on Monday . The stock traded as low as $0.60 and last traded at $0.63. Approximately 36,470 shares were traded during trading, a decline of 51% from the average daily volume of 74,996 shares. The stock had previously closed at $0.74.

Exela Technologies Trading Down 3.0 %

The firm has a fifty day simple moving average of $1.15 and a 200 day simple moving average of $1.79. The stock has a market cap of $4.01 million, a price-to-earnings ratio of -0.07 and a beta of 1.82.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Exela Technologies stock. Renaissance Technologies LLC grew its holdings in Exela Technologies, Inc. (NASDAQ:XELA) by 210.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 31,000 shares of the company’s stock after buying 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 SEC. 16.33% of the stock is currently owned by institutional investors.

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).