The printer and copier pioneer Xerox Corporation (NYSE:XRX) appointed Kathryn Mikells because its chief financial officer, selecting an executive with experience crossways diverse industries as it widens its services.
According to a statement yesterday, Mikells, at age of 47, joins Xerox on May 2 from home-security provider ADT Corp (NYSE:ADT) where she was as well CFO. She has worked in the similar position at Nalco Holding Co., a water-treatment, and energy-technology firm, as well as at former United Airlines parent UAL Corp.
CEO of Xerox Ursula Burns is shifting away from the traditional printing business toward services, which framework concerning half of revenue as well as will be two-thirds by 2017, which the firm has estimates.
Burns stated in the statement that Kathy brings to Xerox widespread experience in financial management joined with broad worldwide business acumen in both services and technology.
Coming to the stock performance in last Session; Xerox Corporation (NYSE:XRX) in last trading session end up at $8.60 by rising up 0.70% with traded volume of 6.14 million shares which is down the average volume of 8.80 million shares.
The stock price saw week’s volatility of 1.46% and month’s volatility is 1.74%, while the stock price of the company is moving up from its 20 days moving average with 1.52% and isolated positively from 50 days moving average with 6.12%.
Looking at Analytic Ratios; the price to sales ratio of XRX in past twelve months was calculated as 0.47 and price to cash ratio as 8.45. Company return on equity ratio is recorded as 10.01% and its return on assets is 3.56%.
XRX belongs to Technology sector. Yesterday Dow Jones U.S. Technology Index (STC) was at 753.93 with 0.12% change.