Xerox Stock Hits New 52-Week Low (XRX)

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NEW YORK ( TheStreet) -- Xerox Corporation (NYSE: XRX) hit a new 52-week low Thursday as it is currently trading at $6.24, below its previous 52-week low of $6.26 with 2.2 million shares traded as of 10:50 a.m. ET. Average volume has been 10.6 million shares over the past 30 days.

Xerox has a market cap of $8.17 billion and is part of the consumer goods sector and consumer durables industry. Shares are down 21% year to date as of the close of trading on Wednesday.

Xerox Corporation provides business process and information technology (IT) outsourcing, and document management services worldwide. The company has a P/E ratio of 7.2, 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 attractive valuation levels, good cash flow from operations and notable return on equity. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full Xerox Ratings Report.

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