Shares of Xero Limited (OTCMKTS:XROLF – Get Free Report) reached a new 52-week low during trading on Wednesday. The company traded as low as $38.85 and last traded at $38.85, with a volume of 847 shares. The stock had previously closed at $38.95.
Analysts Set New Price Targets
Separately, Royal Bank Of Canada cut Xero from an “outperform” rating to a “sector perform” rating in a report on Monday, July 27th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold”.
Check Out Our Latest Report on Xero
Xero Price Performance
About Xero
Xero Limited is a cloud-based accounting software company headquartered in Wellington, New Zealand. Its platform is designed primarily for small and medium-sized businesses, accountants and bookkeepers, providing tools to manage financial records and business administration online.
Xero’s products and services include bookkeeping and accounting, invoicing, bank reconciliation, expense management, payroll in selected markets, project tracking and financial reporting. The company also supports online payments and integrates with financial institutions and third-party applications through its software ecosystem.
Founded in 2006 by Rod Drury, Xero has expanded beyond New Zealand to serve customers in Australia, the United Kingdom, North America and other international markets.
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