Xerox Stock Hits New 52-Week High (XRX)

NEW YORK ( TheStreet) -- Xerox Corporation (NYSE: XRX) hit a new 52-week high Thursday as it is currently trading at $9.74, above its previous 52-week high of $9.62 with 671,866 shares traded as of 10:05 a.m. ET. Average volume has been 8.8 million shares over the past 30 days.

Xerox has a market cap of $11.54 billion and is part of the technology sector and computer software & services industry. Shares are up 40.8% year to date as of the close of trading on Wednesday.

Xerox Corporation provides business process and document management services worldwide.

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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 stock price during the past year, increase in net income, attractive valuation levels, notable return on equity 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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