Xerox Holdings Corp. Stock Plummets to New 52-Week Low of $1.65
Xerox Holdings Corp. (XRX) has hit a new 52-week low of $1.65, representing a 90.53% drop over the past year. The company has reported negative financial results for six consecutive quarters, with a net loss of $773 million and a concerning return on equity of -147.26%. These metrics, along with a high debt-to-equity ratio of 5.68, raise serious questions about its financial health and future prospects in the IT hardware sector.
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