Among the S&P 500’s biggest fallers on Tuesday March 23 was Xerox Holdings Corporation (XRX). The stock experienced a 4.87% decline to $23.63 with 3.97 million shares changing hands.
Xerox Holdings Corporation started at an opening price of 24.42 and hit a high of $24.88 and a low of $23.47. Ultimately, the stock took a hit and finished the day at $1.21 per share. Xerox Holdings Corporation trades an average of n/a shares a day out of a total 198.65 million shares outstanding. The current moving averages are a 50-day SMA of $n/a and a 200-day SMA of $n/a. Xerox Holdings Corporation hit a high of $26.96 and a low of $14.23 over the last year.
Xerox is an original equipment manufacturing and software company. Xerox operates in one segment–design, development and sale of printing technology and related solutions–while deriving 60% of its revenue from the U.S., and 40% from international markets. The company is an OEM of multifunction printers, or MFPs (printers that can print, copy and scan), focusing on large enterprise markets. Apart from equipment, the company provides post-sales services like managed print services–a service that helps to bring smart servicing and efficiencies to how employers use their print/copy equipment. Xerox is attempting to enter new markets like digital print packaging solutions and printed electronics.
With its headquarters located in Norwalk, CT, Xerox Holdings Corporation employs 24,700 people. After today’s trading, the company’s market cap has fallen to $4.69 billion, a P/S of n/a, a P/B of 0.84, and a P/FCF of n/a.