Exela Technologies (NASDAQ:XELAP) Trading Down 6.8% – Time to Sell?

Shares of Exela Technologies, Inc. (NASDAQ:XELAP) traded down 6.8% during mid-day trading on Friday . The stock traded as low as $0.21 and last traded at $0.21. 2,002 shares changed hands during mid-day trading, a decline of 79% from the average session volume of 9,419 shares. The stock had previously closed at $0.22.

Exela Technologies Stock Down 6.8 %

The firm has a fifty day moving average price of $0.33 and a 200-day moving average price of $0.69.

Institutional Trading of Exela Technologies

An institutional investor recently bought a new position in Exela Technologies stock. StoneX Group Inc. bought a new stake in shares of Exela Technologies, Inc. (NASDAQ:XELAP) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 107,816 shares of the company’s stock, valued at approximately $39,000.

Exela Technologies Company Profile

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