Xero (OTCMKTS:XROLF) Stock Price Down 2.3% – Here’s What Happened

Xero Limited (OTCMKTS:XROLFGet Free Report)’s stock price traded down 2.3% during trading on Friday . The stock traded as low as $67.85 and last traded at $67.85. 2,761 shares traded hands during trading, an increase of 24% from the average session volume of 2,220 shares. The stock had previously closed at $69.48.

Xero Stock Performance

The company’s 50-day moving average price is $77.33 and its two-hundred day moving average price is $97.16.

Xero Company Profile

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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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