Exela Technologies (XELA) Scheduled to Post Quarterly Earnings on Monday

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Exela Technologies (NASDAQ:XELA) is set to announce its earnings results after the market closes on Monday, March 18th. Analysts expect the company to announce earnings of ($0.14) per share for the quarter.

NASDAQ XELA opened at $3.87 on Friday. Exela Technologies has a one year low of $3.39 and a one year high of $7.34. The firm has a market capitalization of $573.23 million, a P/E ratio of -2.33 and a beta of 1.04.

A hedge fund recently raised its stake in Exela Technologies stock. Geode Capital Management LLC boosted its position in Exela Technologies, Inc. (NASDAQ:XELA) by 18.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 599,477 shares of the company’s stock after purchasing an additional 94,845 shares during the quarter. Geode Capital Management LLC owned about 0.40% of Exela Technologies worth $2,331,000 at the end of the most recent reporting period. 43.72% of the stock is owned by institutional investors and hedge funds.

Several research analysts recently commented on XELA shares. Zacks Investment Research downgraded Exela Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, January 12th. Morgan Stanley downgraded Exela Technologies from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, January 16th.

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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).

See Also: Insider Trading

Earnings History for Exela Technologies (NASDAQ:XELA)

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