A Few Bright Spots In Wipro Ltd. ADR (NYSE: WIT)

Wipro Ltd. ADR (NYSE:WIT) currently has a daily average trading volume of 4.88M but it saw 1337441 shares traded in last market. With a market cap of 37.43B USD, the company’s current market price of $3.63 came rising about 0.28 while comparing to the previous closing price of $3.62. In past 52 weeks, the stock remained buoying in the range of price level as high as $3.75 and as low as $2.55. In the recent trading on the day, stock has struck highest price mark of $3.6 while lowest mark touched by it was $3.63.

Taking a look at 20-day trading activity of Wipro Ltd. ADR (WIT) gives us an average price of $3.60, while its current price level is -3.20% below from 52-week high level whereas it is 42.63% 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 $3.45 while that of 200 days or SMA-200 reads an average of $3.08. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.77% during that period while stretching the period over a month that increases to 1.80%. 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 51.67 which implies that the stock is in neutral territory.

Over the week, WIT’s stock price is moving -3.24% down while it is 2.58% when we observe its performance for the past one month. Year-to-date it is 28.55% up and over the past year, the stock is showing an upside performance of 31.86%.

Currently, Wipro Ltd. ADR’s total number of outstanding shares is 20.90B. Company’s return on investment (ROI) stands at 13.11% and return on equity (ROE) at 15.49%. It has a price to earnings ratio (P/E ratio) of 53.27 while having a 24.00 of forward P/E ratio. Stock’s beta reads 0.92. Stock has a price to book (P/B) ratio of 7.66 while price to sale or P/S ratio amounts to 3.52. Its return on asset (ROA) is 10.01% on average.