Exela Technologies, Inc. (NASDAQ:XELA) Given Average Recommendation of “Buy” by Analysts
Exela Technologies, Inc. (NASDAQ:XELA) has received an average rating of “Buy” from the six brokerages that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $6.00.
A number of equities analysts have weighed in on the company. Zacks Investment Research lowered Exela Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, August 31st. Royal Bank of Canada set a $4.00 target price on Exela Technologies and gave the stock a “buy” rating in a research report on Friday, August 9th. Nomura decreased their target price on Exela Technologies from $8.00 to $5.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Finally, ValuEngine raised Exela Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, July 2nd.
In other Exela Technologies news, CFO James Reynolds purchased 247,630 shares of Exela Technologies stock in a transaction dated Tuesday, June 25th. The stock was purchased at an average price of $1.65 per share, with a total value of $408,589.50. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Ex-Sigma 2 Llc sold 13,234,848 shares of the company’s stock in a transaction dated Tuesday, June 25th. The shares were 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 owned by corporate insiders.
NASDAQ:XELA remained flat at $$1.39 during mid-day trading on Friday. The company’s stock had a trading volume of 95,300 shares, compared to its average volume of 155,056. Exela Technologies has a fifty-two week low of $1.09 and a fifty-two week high of $7.34. The firm’s 50-day simple moving average is $1.64 and its two-hundred day simple moving average is $2.60. The stock has a market capitalization of $198.76 million, a PE ratio of -1.81 and a beta of 1.67.
Exela Technologies (NASDAQ:XELA) last issued its earnings results on Thursday, August 8th. The company reported ($0.22) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.17). The business had revenue of $390.16 million during the quarter. As a group, analysts forecast that Exela Technologies will post -0.51 EPS for the current fiscal year.
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).
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