Wipro Limited (NYSE:WIT) was down 1.6% on Friday . The stock traded as low as $10.29 and last traded at $10.31, with a volume of 398,387 shares. The stock had previously closed at $10.48.

Several equities research analysts recently weighed in on WIT shares. Zacks Investment Research raised shares of Wipro Limited from a “sell” rating to a “hold” rating in a research note on Friday. HSBC downgraded shares of Wipro Limited from a “hold” rating to a “reduce” rating in a research note on Tuesday, August 9th. Three research analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $12.50.

The company’s 50 day moving average price is $11.38 and its 200 day moving average price is $11.88. The stock has a market cap of $25.42 billion and a P/E ratio of 19.45.

Wipro Limited (NYSE:WIT) last issued its quarterly earnings results on Tuesday, July 19th. The company reported $0.12 EPS 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. On average, analysts anticipate 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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