Exela Technologies (NASDAQ:XELA) Posts Earnings Results, Misses Estimates By $0.03 EPS

Exela Technologies (NASDAQ:XELA) released its quarterly earnings results on Tuesday. The company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.03), MarketWatch Earnings reports. The company had revenue of $365.45 million for the quarter.

XELA stock opened at $0.39 on Friday. Exela Technologies has a one year low of $0.09 and a one year high of $3.20. The stock has a market cap of $81.75 million, a PE ratio of -0.12 and a beta of 2.37. The firm has a 50 day simple moving average of $0.42 and a two-hundred day simple moving average of $0.33.

Several brokerages have commented on XELA. Zacks Investment Research raised shares of Exela Technologies from a “hold” rating to a “buy” rating and set a $1.00 price objective on the stock in a research report on Saturday, June 13th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Exela Technologies in a report on Monday, June 8th.

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).

Further Reading: Conference Calls and Individual Investors

Earnings History for Exela Technologies (NASDAQ:XELA)

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