News coverage about Xero (OTCMKTS:XROLF) has trended somewhat negative recently, InfoTrie reports. InfoTrie identifies negative and positive media coverage by monitoring more than 6,000 blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Xero earned a media sentiment score of -1.16 on their scale. InfoTrie also gave news articles about the company an news buzz score of 4 out of 10, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
OTCMKTS:XROLF traded down $1.82 during midday trading on Friday, reaching $30.26. 200 shares of the stock traded hands, compared to its average volume of 2,231. Xero has a 12-month low of $20.50 and a 12-month high of $38.00.
Separately, JPMorgan Chase & Co. cut shares of Xero from a “neutral” rating to an “underweight” rating in a research report on Thursday, September 27th.
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Xero Company Profile
Xero Limited, together with its subsidiaries, operates as a software as a service company worldwide. The company offers Xero, a cloud-based accounting software that connects small businesses to their advisors. It also provides accountant/bookkeeper tools, including Xero HQ, Xero Practice Manager, Xero Workpapers, and Xero Cashbook/Ledger; and Xero mobile app.
Further Reading: Outstanding Shares
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