NEW YORK ( TheStreet) -- Xerox Corporation (NYSE: XRX) hit a new 52-week high Monday as it is currently trading at $10.10, above its previous 52-week high of $10 with 4.4 million shares traded as of 10:46 a.m. ET. Average volume has been 8.8 million shares over the past 30 days.

Xerox has a market cap of $12.17 billion and is part of the technology sector and computer software & services industry. Shares are up 46.6% year to date as of the close of trading on Friday.

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 solid stock price performance, attractive valuation levels, good cash flow from operations, expanding profit margins and growth in earnings per share. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Xerox Ratings Report.

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