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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 high Thursday as it is currently trading at $8.58, above its previous 52-week high of $8.55 with 6.8 million shares traded as of 3:20 p.m. ET. Average volume has been 11 million shares over the past 30 days. Xerox has a market cap of $10.06 billion and is part of the technology sector and computer software & services industry. Shares are up 24.8% year to date as of the close of trading on Wednesday. Xerox Corporation provides business process and document management services worldwide. The company has a P/E ratio of 9.3, below the S&P 500 P/E ratio of 17.7.