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Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- Xerox Corporation (NYSE: XRX) hit a new 52-week low Wednesday as it is currently trading at $6.35, below its previous 52-week low of $6.36 with 3.6 million shares traded as of 12:55 p.m. ET. Average volume has been 10.4 million shares over the past 30 days. Xerox has a market cap of $8.48 billion and is part of the consumer goods sector and consumer durables industry. Shares are down 18.5% year to date as of the close of trading on Tuesday. Xerox Corporation provides business process and information technology (IT) outsourcing, and document management services worldwide. The company has a P/E ratio of 7.3, equal to the average consumer durables industry P/E ratio and below the S&P 500 P/E ratio of 17.7.