Xero Limited (ASX:XRO) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as A$59.87 ($42.46) and last traded at A$59.06 ($41.89), with a volume of 315211 shares trading hands. The stock had previously closed at A$59.58 ($42.26).
The company has a debt-to-equity ratio of 134.35, a quick ratio of 0.76 and a current ratio of 4.12. The company has a market cap of $8.36 billion and a PE ratio of -320.91.
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About Xero (ASX:XRO)
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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