NEW YORK (

TheStreet

) --

Xerox Corporation

(NYSE:

XRX

) hit a new 52-week low Friday as it is currently trading at $6.99, below its previous 52-week low of $7 with 13.8 million shares traded as of 3:50 p.m. ET. Average volume has been 16.7 million shares over the past 30 days.

Xerox has a market cap of $10.3 billion and is part of the

consumer goods

sector and

consumer durables

industry. Shares are down 36.5% year to date as of the close of trading on Thursday.

Xerox Corporation engages in the development, manufacture, marketing, service, and finance of document equipment, software, solutions, and services worldwide. The company operates in three segments: Technology, Services, and Other. The company has a P/E ratio of 10.4, below the average consumer durables industry P/E ratio of 10.6 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Xerox as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income and attractive valuation levels. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full

Xerox Ratings Report

.

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