Xerox Rises On Unusually High Volume (XRX)

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) is trading at unusually high volume Thursday with 20 million shares changing hands. It is currently at two times its average daily volume and trading up 26 cents (+3.4%) at $7.84 as of 12:01 p.m. ET.

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Xerox has a market cap of $9.58 billion and is part of the technology sector and computer software & services industry. Shares are up 10.4% 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 8.5, below the S&P 500 P/E ratio of 17.7.

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.

See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center.

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