Shares of Wipro Limited (NYSE:WIT) hit a new 52-week low during trading on Monday . The company traded as low as $10.62 and last traded at $10.65, with a volume of 241,086 shares traded. The stock had previously closed at $10.81.

WIT has been the topic of a number of research reports. HSBC lowered shares of Wipro Limited from a “hold” rating to a “reduce” rating in a research report on Tuesday, August 9th. Zacks Investment Research raised shares of Wipro Limited from a “sell” rating to a “hold” rating in a research report on Tuesday, May 31st. Four analysts have rated the stock with a sell rating and two have given a hold rating to the stock. The company has a consensus rating of “Sell” and a consensus target price of $12.50.

The stock has a market cap of $26.18 billion and a PE ratio of 20.08. The stock has a 50 day moving average of $11.59 and a 200-day moving average of $11.92.

Wipro Limited (NYSE:WIT) last announced its quarterly earnings data on Tuesday, July 19th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.14 by $0.02. The firm had revenue of $2 billion for the quarter, compared to the consensus estimate of $2.02 billion. On average, equities research analysts anticipate that Wipro Limited will post $0.55 EPS for the current fiscal year.

Wipro Limited (Wipro) is a global information technology (IT) services provider. The Company operates through two segments: IT Services and IT Products. The Company’s IT Services business provides a range of IT and IT-enabled services, which include IT consulting, custom application design, development, re-engineering and maintenance, systems integration, package implementation, global infrastructure services, business process services, research and development and hardware and software design to the enterprises worldwide.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with's FREE daily email newsletter.