Wipro Limited (WIT) Sets New 12-Month Low at $10.62
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.
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