Exela Technologies (NASDAQ:XELA)‘s stock had its “buy” rating restated by equities research analysts at Cantor Fitzgerald in a research report issued on Tuesday, April 10th. They presently have a $9.00 price objective on the stock. Cantor Fitzgerald’s price target would indicate a potential upside of 93.97% from the company’s current price.
The analysts wrote, “Exela acquires Asterion International, a provider of technology driven business process outsourcing, document management and digital data processing across Europe. The deal is expected to expand Exela’s European business to over $200 mn in annual revenue. Click Here for the Press Release.””
Shares of NASDAQ:XELA opened at $4.64 on Tuesday. The company has a current ratio of 0.93, a quick ratio of 0.90 and a debt-to-equity ratio of -130.19. The stock has a market cap of $729.26, a price-to-earnings ratio of -2.84 and a beta of 0.44. Exela Technologies has a one year low of $4.37 and a one year high of $10.00.
Exela Technologies (NASDAQ:XELA) last issued its earnings results on Thursday, March 15th. The company reported ($0.08) earnings per share (EPS) for the quarter. The firm had revenue of $386.29 million for the quarter. equities analysts forecast that Exela Technologies will post 0.07 EPS for the current fiscal year.
Several large investors have recently made changes to their positions in XELA. TimesSquare Capital Management LLC boosted its position in shares of Exela Technologies by 117.3% during the 4th quarter. TimesSquare Capital Management LLC now owns 4,130,000 shares of the company’s stock worth $21,270,000 after acquiring an additional 2,229,100 shares in the last quarter. J. Goldman & Co LP acquired a new stake in shares of Exela Technologies during the 4th quarter worth approximately $1,313,000. Paloma Partners Management Co boosted its position in shares of Exela Technologies by 5.0% during the 4th quarter. Paloma Partners Management Co now owns 2,123,144 shares of the company’s stock worth $10,934,000 after acquiring an additional 101,231 shares in the last quarter. Fondren Management LP bought a new position in Exela Technologies in the 4th quarter valued at approximately $515,000. Finally, Geode Capital Management LLC lifted its stake in Exela Technologies by 658.4% in the 4th quarter. Geode Capital Management LLC now owns 87,567 shares of the company’s stock valued at $450,000 after purchasing an additional 76,021 shares during the last quarter. Hedge funds and other institutional investors own 33.77% of the company’s stock.
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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).
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