News headlines about Xero (OTCMKTS:XROLF) have trended somewhat negative this week, according to InfoTrie. The research group identifies positive and negative press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Xero earned a news sentiment score of -1.60 on their scale. InfoTrie also assigned news headlines about the company an news buzz score of 3 out of 10, indicating that recent press coverage is unlikely to have an effect on the company’s share price in the next few days.
Separately, JPMorgan Chase & Co. cut shares of Xero from a “neutral” rating to an “underweight” rating in a research note on Thursday, September 27th.
XROLF stock opened at $27.40 on Friday. Xero has a fifty-two week low of $20.50 and a fifty-two week high of $38.00.
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.
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