Notable News Spotlight: Exela Technologies, Inc. (NASDAQ: XELA)

On Monday, Exela Technologies, Inc. (NASDAQ: XELA) stock observed trading -83.63% off 52-week high price. On the other end, the stock has been noted 8.26% away from low price over the last 52-weeks. The stock disclosed a move of -27.19% away from 50 day moving average and -58.67% away from 200 day moving average. Moving closer, we can see that shares have been trading -7.41% off 20-day moving average. It has market cap of $180.16M.

Exela Technologies, Inc. (XELA) recently reported its joint venture with Vocalink, a Mastercard company, to deliver a “Request to Pay” solution in the UK. The solution is a core component of PAY.UK’s “new payment architecture”, its new conceptual model for the future development of the UK’s shared retail payment infrastructure.

Set to launch in Q1 2020, Request to Pay enables consumers to electronically receive payment requests, view bills, and make real-time bill payments—all in one place. Request to Pay serves as a secure, unified messaging service, enabling users to communicate before bill payment takes place. User benefits include the simplification of the payment process, increased transparency into how and when bills are paid, and cost savings related to increased straight through processing and simpler reconciliation through greater use of structured data.

 “Exela is focused on innovating and growing its global banking solution, bringing cost-effective, automated solutions to our financial services consumers, and continuing to invest in our technology-enabled solutions,” stated Vitalie Robu, President, EMEA, Exela Technologies. “We are excited to debut Request to Pay, and by the overlay opportunities that Request to Pay enables, such as the ability to integrate Exela’s cash management and liquidity platforms.”

The USA based company Exela Technologies, Inc. moved with change of 5.36% to $1.18 with the total traded volume of 260283 shares in recent session versus to an average volume of 213.15K. The stock was observed in the 5 days activity at -9.92%. The one month performance of stock was 3.51%. XELA’s shares are at -43.54% for the quarter and driving a -83.14% return over the course of the past year and is now at -69.67% since this point in 2018.  Right now the stock beta is 1.06. The average volatility for the week and month was at 11.38% and 7.03% respectively. There are 152.68M shares outstanding and 74.56M shares are floated in market.

Leave a Reply

Your email address will not be published. Required fields are marked *