Xero Limited (OTCMKTS:XROLF – Get Free Report) shares gapped down before the market opened on Friday . The stock had previously closed at $48.40, but opened at $43.00. Xero shares last traded at $43.00, with a volume of 100 shares changing hands.
Xero Trading Down 4.4%
The stock has a market capitalization of $7.33 billion and a P/E ratio of -153.77. The company has a fifty day simple moving average of $51.79 and a two-hundred day simple moving average of $56.23.
Xero Company Profile
Xero Limited is a global software company specializing in cloud-based accounting solutions designed for small and medium-sized businesses. Its core platform enables users to manage invoicing, bank reconciliation, payroll, expense tracking and inventory in a unified environment. The company’s ecosystem supports seamless integration with a broad range of third-party applications, extending functionality in areas such as payments, analytics, time tracking and e-commerce.
Founded in Wellington, New Zealand, in 2006 by Rod Drury, Xero has grown from a local startup into a multinational technology provider.
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