Exela Technologies (NASDAQ:XELAP) Trading Down 1.4%

Exela Technologies, Inc. (NASDAQ:XELAP – Get Rating) shares traded down 1.4% during mid-day trading on Friday . The stock traded as low as $2.83 and last traded at $2.85. 9,279 shares were traded during trading, an increase of 117% from the average session volume of 4,275 shares. The stock had previously closed at $2.89.

Exela Technologies Stock Down 1.4 %

The company has a 50-day moving average price of $3.18.

Institutional Trading of Exela Technologies

Several large investors have recently made changes to their positions in XELAP. BlackRock Inc. increased its stake in shares of Exela Technologies by 60.8% in the 3rd quarter. BlackRock Inc. now owns 232,101 shares of the company’s stock valued at $1,126,000 after acquiring an additional 87,804 shares during the last quarter. Cantor Fitzgerald L. P. acquired a new position in Exela Technologies during the 3rd quarter worth approximately $733,000. Finally, UBS Group AG boosted its position in Exela Technologies by 1,829.9% during the 3rd quarter. UBS Group AG now owns 9,437 shares of the company’s stock worth $46,000 after acquiring an additional 8,948 shares during the last quarter.

Exela Technologies Company Profile

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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).