Shares of Xero Limited (ASX:XRO) hit a new 52-week high during trading on Thursday . The stock traded as high as A$88.88 ($63.04) and last traded at A$87.47 ($62.04), with a volume of 334905 shares. The stock had previously closed at A$87.40 ($61.99).
The firm has a market cap of $12.32 billion and a PE ratio of -468.06. The company has a current ratio of 5.60, a quick ratio of 4.78 and a debt-to-equity ratio of 125.50. The firm’s 50 day simple moving average is A$84.14 and its 200 day simple moving average is A$73.10.
Xero Company Profile (ASX:XRO)
Xero Limited, together with its subsidiaries, operates as a software as a service company worldwide. The company offers Xero, a cloud-based accounting software that connects small businesses to their advisors. It also provides accountant/bookkeeper tools, including Xero HQ, Xero Practice Manager, Xero Workpapers, and Xero Cashbook/Ledger; and Xero mobile app.
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