Xero Limited (OTCMKTS:XROLF – Get Free Report)’s stock price hit a new 52-week low during mid-day trading on Wednesday. The stock traded as low as $40.00 and last traded at $40.00, with a volume of 1253 shares traded. The stock had previously closed at $43.00.
Wall Street Analysts Forecast Growth
Separately, Royal Bank Of Canada cut Xero from an “outperform” rating to a “sector perform” rating in a research report on Monday, July 27th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Xero has a consensus rating of “Hold”.
Get Our Latest Stock Analysis on XROLF
Xero Stock 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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