Xero (ASX:XRO) Hits New 1-Year High at $88.88

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.

See Also: What is Green Investing?

Receive News & Ratings for Xero Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xero and related companies with MarketBeat.com's FREE daily email newsletter.