Xero (OTCMKTS:XROLF) Shares Up 2% – Here’s Why

Xero Limited (OTCMKTS:XROLFGet Free Report)’s share price traded up 2% during mid-day trading on Thursday . The stock traded as high as $79.6840 and last traded at $79.6840. 401 shares changed hands during trading, a decline of 19% from the average session volume of 494 shares. The stock had previously closed at $78.10.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada downgraded Xero from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, September 2nd. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Xero presently has a consensus rating of “Hold”.

Read Our Latest Stock Analysis on XROLF

Xero Trading Up 2.0%

The company’s 50-day simple moving average is $93.67 and its 200 day simple moving average is $106.70.

Xero Company Profile

(Get Free Report)

Xero Limited, together with its subsidiaries, operates as a software as a service company in New Zealand, Australia, the United Kingdom, and internationally. The company offers Xero, an open platform that connects small businesses to a range of solutions, which helps to manage their finances. It also provides Xero mobile app; and accountant/bookkeeper tools, including Xero HQ, Xero Practice Manager, Xero Workpapers, and Xero Cashbook or Xero Ledger.

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