Wipro Limited (WIT) Sets New 12-Month Low at $10.19
Wipro Limited (NYSE:WIT)’s share price hit a new 52-week low during trading on Monday . The company traded as low as $10.19 and last traded at $10.19, with a volume of 341,415 shares traded. The stock had previously closed at $10.35.
WIT has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Wipro Limited from a “sell” rating to a “hold” rating in a research report on Tuesday, May 31st. HSBC downgraded shares of Wipro Limited from a “hold” rating to a “reduce” rating in a research report on Tuesday, August 9th. Three investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $12.50.
The company has a market cap of $25.08 billion and a price-to-earnings ratio of 19.19. The firm has a 50-day moving average price of $11.26 and a 200-day moving average price of $11.87.
Wipro Limited (NYSE:WIT) last released its quarterly earnings results on Tuesday, July 19th. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by $0.02. The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $2.02 billion. Equities analysts predict that Wipro Limited will post $0.55 earnings per share for the current 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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