Wipro Ltd. ADR (NYSE: WIT) – Time For Strategy Change?

Wipro Ltd. ADR (NYSE:WIT) currently has a daily average trading volume of 2.82M but it saw 1946330 shares traded in last market. With a market cap of 30.67B USD, the company’s current market price of $5.87 came falling about -1.51 while comparing to the previous closing price of $5.96. In past 52 weeks, the stock remained buoying in the range of price level as high as $7.01 and as low as $4.48.

Taking a look at 20-day trading activity of Wipro Ltd. ADR (WIT) gives us an average price of $6.33, while its current price level is -16.26% below from 52-week high level whereas it is 31.03% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $5.83 while that of 200 days or SMA-200 reads an average of $5.51. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.06% during that period while stretching the period over a month that decreases to 1.78%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 40.45 which implies that the stock is in neutral territory.

Over the week, WIT’s stock price is moving -12.39% down while it is 0.69% when we observe its performance for the past one month. Year-to-date it is 5.39% up and over the past year, the stock is showing an upside performance of 19.80%.

Currently, Wipro Ltd. ADR’s total number of outstanding shares is 5.22B. Company’s return on investment (ROI) stands at 13.06% and return on equity (ROE) at 15.36%. It has a price to earnings ratio (P/E ratio) of 22.86 while having a 19.56 of forward P/E ratio. Stock’s beta reads 0.91. Stock has a price to book (P/B) ratio of 3.28 while price to sale or P/S ratio amounts to 2.87. Its return on asset (ROA) is 9.30% on average.