Xerox Reaches New 52-Week High (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) hit a new 52-week high Tuesday as it is currently trading at $9.39, above its previous 52-week high of $9.38 with 3.4 million shares traded as of 12:30 p.m. ET. Average volume has been 8.8 million shares over the past 30 days.

Xerox has a market cap of $11.17 billion and is part of the technology sector and computer software & services industry. Shares are up 34.3% year to date as of the close of trading on Monday.

Xerox Corporation provides business process and document management services worldwide. The company has a P/E ratio of 9.9, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Xerox as a buy. The company's strengths can be seen in multiple areas, such as its increase in net income, attractive valuation levels, notable return on equity, increase in stock price during the past year and growth in earnings per share. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Xerox Ratings Report.

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