Xerox (NYSE:XRX) Sets New 52-Week Low - Here's What Happened

Xerox Holdings Co. (NYSE:XRX) has reached a new low in its stock performance, hitting a 52-week low on Monday. The stock fell to $5.41 before closing at $5.45 with a trading volume of 764,189 shares, down from its previous close of $5.51.

Analyst Ratings Changes

In a recent update from StockNews.com, Xerox's rating was downgraded from 'buy' to 'hold' on February 5th. Analysts show a mixed sentiment towards Xerox, with three rating it as a 'sell' and two giving it a 'hold'. Currently, the average rating stands at 'Reduce', with a consensus target price of $9.50, according to MarketBeat.com.

Xerox Price Performance

The company's market capitalization is approximately $663.99 million, accompanied by a PE ratio of -0.49 and a beta of 1.66. Key financial ratios indicate a quick ratio of 0.84, a current ratio of 1.11, and a debt-to-equity ratio of 2.61. Currently, Xerox's stock has a 50-day simple moving average of $7.69 and a 200-day simple moving average of $8.79.

Xerox Cuts Dividend

Recently, Xerox announced a quarterly dividend of $0.125 per share, which will be paid on April 30th to stockholders of record as of March 31st. This translates to an annualized dividend of $0.50 and a yield of 9.43%. However, it's worth noting that Xerox's dividend payout ratio stands at -4.66%, raising questions about the sustainability of its dividend policy.

Institutional Trading of Xerox

In the past quarter, institutional investors have been active with their positions in Xerox. Yousif Capital Management LLC increased its holdings by 2.8%, now owning 53,816 shares valued at $454,000. Franklin Resources Inc. and MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. have also raised their stakes in the company. Overall, institutional investors control 85.36% of Xerox's stock, reflecting a strong institutional interest despite the current challenges.

About Xerox

Xerox Holdings Corporation is a global workplace technology provider that integrates hardware, services, and software to serve enterprises across various regions, including the Americas, Europe, and Asia. The firm's operations are divided into two segments: Print and Other, as well as FITTLE.

Conclusion: Should You Sell?

Considering the recent stock performance and the analyst downgrades, investors will need to assess their positions carefully. With a strong sell rating among analysts and a Consensus Target Price lower than the current market price, questions loom on whether holding or selling offers the best course of action in the face of potential further declines.

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